Robinhood Stock Surges 11% Amid Layoffs and Analyst Upgrades

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2026-06-17 20:24:02

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Robinhood Markets Inc. (HOOD) shares soared over 11% on June 17, 2026, reaching $108 as analyst upgrades and workforce reductions converged. Deutsche Bank raised its price target to $105, while Argus lifted its target to $110—both maintaining Buy ratings. The rally reflects institutional confidence despite the company's decision to cut 10% of its workforce (~290 jobs).

Trading volumes hit record highs across equities, options, and prediction markets in June. Platform assets grew 48% YoY, reinforcing Wall Street's Strong Buy consensus with 15 bullish ratings. CEO Vlad Tenev positioned the layoffs as a strategic move to streamline operations and accelerate product development.

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