Robinhood’s Fintech Expansion and Analyst Optimism Amid Surging Revenue

Robinhood Markets has evolved from a controversial trading platform to a diversified financial services leader, with Q2 revenue climbing 45% to $989 million and net income more than doubling year-over-year. The company now boasts 26.5 million funded accounts and a 76% surge in premium Gold memberships.

Wall Street firms are recalibrating their outlooks, with Citigroup raising its price target to $135 and Piper Sandler setting a $140 target. While trading activity remains robust, analysts note the stock's premium valuation may warrant patience for better entry points.

The fintech's growth engine now extends beyond equities trading, with sports betting and prediction markets generating $200 million in revenue. Robinhood's strategic expansion into banking products and social features positions it as a comprehensive platform for the next generation of investors.