Analysts hike Robinhood price targets to $110 as Wall Street keeps playing catch-up
Piper Sandler and Morgan Stanley have a rosier view of what awaits HOOD shares.
Robinhood Markets received a pair of price target hikes Tuesday as Wall Street looks ahead to the brokerage firm’s earnings report due at the end of the month.
(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)
Stock watchers at Piper Sandler and Morgan Stanley both lifted their price targets on the stock to $110 on Tuesday, the latest in a flurry of target hikes from the Street recently.
Piper Sandler, which previously had a $70 target on Robinhood, also lifted its earnings-per-share estimates for Robinhood for this year as well as 2026. The analysts have an “overweight” rating on the stock, but their top picks for the brokerage sector heading into earnings are larger, well-diversified exchange businesses Nasdaq and Intercontinental Exchange, rather than more volume-dependent firms like Robinhood.
Meanwhile, Morgan Stanley, which had affixed a $43 target on the shares before Tuesday, drastically hiked its estimate “based on new work sizing the potential earnings opportunity from new business lines. Specifically, we sized the [total addressable markets], growth outlook, and HOOD’s market share opportunity and economics in 2031 for 10 new business units, and discounted those earnings back to 2026 to help derive our new price target.”
Such new businesses include Robinhood’s European brokerage — the focus of a recent announcement on the company’s tokenization plans — as well as crypto activity (including derivatives, staking, and stablecoins), credit cards, and its wealth advisory business.
Despite optimism about the future, Morgan Stanley retained its “equal weight” — basically neutral — rating on the shares, writing, “While we remain equal-weight, our conviction in the long-term HOOD story has not wavered, we simply suspect there will be more attractive entry points going forward.”
Robinhood is set to report results after the close on July 30.
