Robinhood (HOOD) inventory opened increased on Wednesday after StoneX Monetary initiated protection on the monetary expertise large with a “Purchase” ranking. In his analysis notice, analyst Mark Palmer assigned a $170 worth goal to HOOD, which means a somewhat spectacular upside potential of about 45% from present ranges.
Notice that Robinhood shares have already been a profitable funding since late March — at present up about 80% versus its year-to-date low.
Extra Information from Barchart
Why Is StoneX Bullish on Robinhood Inventory?
Palmer’s constructive view on HOOD inventory hinges totally on the corporate’s transformation from a easy, commission-free fairness buying and selling app right into a complete monetary providers hub.
He highlighted Robinhood’s aggressive push into higher-margin verticals, together with crypto, choices, prediction markets, and a proprietary Layer 2 blockchain ecosystem.
By strengthening its footprint in occasion contracts through current strategic offers with regulated exchanges, the fintech agency is driving deeper consumer engagement throughout its 28.4 million funded accounts.
The product diversification is unlocking recurring income streams corresponding to internet curiosity revenue and premium subscriptions, positioning Robinhood to maintain its sturdy operational momentum, the analyst added.
Notice that Barchart additionally at present holds an “88% BUY” opinion on HOOD, indicating that technical momentum stays in its favor as effectively.
Monetary Energy to Drive HOOD Shares Increased
StoneX additionally cited the underlying monetary power and long-term earnings potential for its bullish view on Robinhood shares.
In Q2, the fintech agency’s income got here in up 32% year-over-year, whereas all different working metrics accelerated as effectively — and Palmer expects HOOD’s scale to push its adjusted earnings as much as $6.24 a share by 2029.
The corporate is “now shifting up the stack into market infrastructure it owns outright by way of Rothera and Robinhood Chain,” he added.
That mentioned, HOOD at present trades at a premium price-to-earnings (P/E) a number of of almost 59x.
Wall Road’s View on Robinhood
Whereas not almost as bullish as StoneX, different Wall Road companies additionally advocate proudly owning HOOD shares for the rest of 2026.
The consensus ranking on Robinhood sits at “Robust Purchase,” with a imply worth goal of about $129 indicating potential for a greater than 10% rally from right here.
On the date of publication, Wajeeh Khan didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com
