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Goldman Sachs has increased its price target for Robinhood Markets to $137 from $121 while maintaining a Buy rating, showing a revised outlook as the brokerage continues to draw attention ahead of its next quarterly earnings report.
The updated target comes after a series of operational changes and follows the firm’s earlier adjustments this year. At the same time, Robinhood shares have continued to outperform market benchmarks over the past month, while analysts remain focused on upcoming financial results and any further changes to earnings expectations.
Goldman Sachs Revises Robinhood Outlook
Goldman Sachs analyst James Yaro raised the firm’s price target on Robinhood to $137 and reiterated a Buy rating. Separately, analysts tracked by FactSet maintain an average Overweight rating on Robinhood with a mean price target of $120.83.
The latest revision follows an earlier adjustment reported on Feb. 20, when Goldman Sachs lowered its target to $111 from $130 while maintaining the same rating. The firm cited several operating metrics that supported its updated estimates despite valuation considerations.
Funded accounts increased 9% year over year to 27.2 million, while equity trading volume rose 57% and cryptocurrency trading volume climbed 12%. Prediction market event contracts also increased 17% month over month to $3.4 billion. Goldman Sachs further noted that daily commissions reached $10 million, while Robinhood’s app downloads advanced 30% from the previous month.
Shares Continue to Outperform Broader Market
Robinhood shares closed at $115.54 in the latest trading session, gaining 1.84% on the day. The stock outperformed the broader market, with the S&P 500 rising 0.38%, the Dow Jones Industrial Average adding 0.29%, and the Nasdaq Composite advancing 0.62%.
Over the past month, Robinhood shares have risen by 19.47%, exceeding the Finance sector’s 3.3% gain and the S&P 500’s 1.61% increase during the same period.
Market Focus Turns to Upcoming Earnings
Investor attention is now shifting toward Robinhood’s earnings report, which is scheduled for July 29, 2026.
Analysts expect the company to report earnings of $0.40 per share, a 4.76% decline from the same quarter a year earlier. Revenue is projected to reach $1.23 billion, reflecting a 23.89% year-over-year increase.
For the full fiscal year, consensus estimates call for earnings of $1.88 per share, down 8.29% from the previous year, while revenue is expected to total $5.01 billion, representing annual growth of 12.07%.
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