Robinhood Gets Seven Price Targets in Nine Days
Wall Street sees more upside from Robinhood Chain, AI, and credit, while earnings on July 29 will need to show whether those higher valuations can hold up.
Key Takeaways
- Robinhood received multiple price target upgrades from Wall Street between July 2 and July 10, with targets now ranging from $124 to $132.
- Banks are highlighting growth catalysts such as Robinhood Chain, AI, and credit, while earnings are set for July 29.
- According to Bloomberg, Robinhood is looking into as much as $500 million in bond financing backed by credit card accounts.
Robinhood Markets has drawn a wave of Wall Street support in just over a week. From July 2 through July 10, Morgan Stanley, Bank of America, Mizuho, and Compass Point all lifted their price targets, leaving the current range between $124 (€109) and $132 (€116). The timing matters because Robinhood reports earnings on July 29, and the upgrades are tied to fresh growth themes around blockchain, AI, and credit.
Price Targets Keep Piling Up
Mizuho kicked off the run of upgrades by raising its target to $130 (€114) from $115 (€101). Analyst Dan Dolev said the brokerage could become the first global hyperscaler among online brokers. Compass Point then followed with its own increase, lifting its target to $130 (€114) from $107 (€94) ahead of earnings and calling for an 18% EBITDA beat in the second quarter.
Two more updates landed on July 10. Bank of America raised its target to $132 (€116) from $119 (€104) and kept a Buy rating, while Morgan Stanley moved its target up to $124 (€109) from $95 (€83) and maintained a Hold rating. Other firms stayed constructive as well: China Renaissance initiated coverage with a Buy rating and a Street-high target of $156.80 (€137), BTIG started at $125 (€109), and Piper Sandler reiterated $135 (€118).
Chain and AI Are Drawing Attention
The upgrades also line up with the first few weeks of Robinhood Chain, which launched on July 1. Thirteen days later, the chain had overtaken Ethereum in 24-hour DEX volume and ranked third across all networks, according to DefiLlama. Daily volume rose from $0.4 million (€0.4 million) on launch day to $868.8 million (€761 million) on July 12, a 6,752% jump week over week.
That surge fits into Robinhood’s broader push into DeFi and AI. More than 70,000 agentic accounts were created within weeks of the May 27 launch, and Robinhood has said AI agents will eventually be able to trade crypto for eligible U.S. customers. In practice, that makes the app look less like a simple stock-trading platform and more like a place where several investment products can live side by side.
Why This Matters
For European crypto readers, the bigger story is how quickly a regulated platform can connect new crypto and tokenized products to an existing brokerage business. A mix of a proprietary chain, AI-powered trading, and a growing credit operation could shape how traditional financial firms fold crypto into their offerings. The fact that regulators are also paying close attention to agentic trading suggests innovation and oversight are moving closer together.
There is also a financing angle to watch. According to Bloomberg, Robinhood is exploring demand for at least $400 million (€350 million) in bonds backed by credit card accounts, with the deal potentially reaching $500 million (€438 million). Barclays and Wells Fargo are leading the transaction, underscoring how much the company is leaning on credit and card spending as another revenue stream alongside trading.
Investors will mostly be focused on July 29 to see whether earnings can justify the higher valuation. For now, the message from Wall Street is clear: several banks are betting on a Robinhood that is evolving much faster than the traditional broker it started out as.
