Robinhood Stock Soars to Record High as Wall Street Upgrades Price Target

Robinhood just smashed expectations—their stock hit a fresh all-time high after major analysts boosted price targets. The retail trading platform's rally defies broader market trends, proving once again that meme stocks and crypto traders can move mountains.

Wall Street's New Darling

Analysts are tripping over themselves to raise projections. The upgraded targets signal growing confidence in Robinhood's ability to monetize crypto trading and options activity. Zero-commission trades might be their hook, but it's the ancillary revenue streams that are driving this surge.

Crypto Fuels the Fire

With Bitcoin hovering near records and altcoins gaining traction, Robinhood's integrated crypto offering is pulling in a new wave of users. The platform's simplicity appeals to beginners—who ironically often become the most active traders. More users, more volume, more revenue. It's that simple.

Just wait until the next bull run really kicks in. If you think this is impressive, you haven't seen anything yet. Though let's be real—Wall Street only loves disruptors once they start making them money.

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That surge didn’t go unnoticed on Wall Street. Bernstein’s Gautam Chhugani, an analyst ranked amongst the top 4% of Street stock pros, responded with conviction, hiking his price target to a Street-high of $160, implying a potential upside of ~24% over the next year. (To watch Chhugani’s track record, click here)

For Chhugani, the index inclusion is more than symbolic – it validates his long-held view of Robinhood as far more than a speculative trading hub. The analyst sees the company evolving into a financial services leader built for the “new generation.”

“The trading business has been its best mousetrap, but under the ‘HOOD’, it is building the most evolved multi-asset financial super-app, leveraging technology,” the 5-star analyst went on to say.

While the share gains have been humongous, looking at its real-world opportunity, Chhugani thinks there remains “significant headroom” for more market share, spanning both trading and financial services.

For instance, in 2024, HOOD captured just 12% of the total U.S. retail trading revenue pool, spanning equities and crypto, up from 7% in 2023. In equities (spot), its volume share has risen from 2.8% in 2023 to 5.5% in 2025. Its “biggest trading mousetrap” – equity options – now accounts for roughly 24% of volume in the first half of 2025, compared with only 11.8% in 2023. Meanwhile, its share of crypto retail trading has jumped to about 30% in 1H25, up from 16% in 2023.

HOOD capitalized on the gap in the U.S. crypto market left by the struggles of FTX, Binance U.S., and other exchanges, effectively creating a duopoly alongside Coinbase. Concerns about new competition, such as Schwab’s crypto launch, appear “overstated” to Chhugani, as both COIN and HOOD have maintained their take-rates on advanced traders at roughly 55–60 bps, with HOOD even increasing its fees over the past four quarters. Looking ahead, HOOD aims to use blockchain tokenization to create a liquid marketplace for U.S. equities, particularly in private equity.

But its greatest growth potential, says the analyst, lies in wealth management and broader financial services, offering an “aspirational proposition” accessible to everyone at a low price point. Currently, it represents just 2.7% of the total broking and advisory revenue pool. Here, HOOD is making use of technology to deliver an “aspirational banking suite” to its Gold subscribers – 3.5 million members paying $5 per month. The Gold credit card alone has generated significant demand, with 300,000 cards issued so far. The Gold program functions as an “aspirational financial club,” providing a Gold card, higher deposit rates, private banking-style features, mortgage offers, and BNPL options.

“Management execution remains top-notch with best-in-class product velocity and monetization. HOOD has a long way to go, in our view,” Chhugani summed up, maintaining an Outperform (i.e., Buy) rating on the shares.

Elsewhere on the Street, HOOD stock claims an additional 12 Buys and 6 Holds, for a Moderate Buy consensus rating. Based on the $122.88 average price target, shares have a modest 5% upside from here. (See)

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