Mizuho Raises Robinhood Target to $115 as WonderFi AGM Hearing Rescheduled
Mizuho analyst Dan Dolev raised Robinhood’s price target by 9.5% to $115 from $105 and maintained an Outperform rating, citing expanded trading opportunities following the SEC’s change to the Pattern Day Trader rule. Separately, Robinhood’s planned acquisition of WonderFi faces a rescheduled Supreme Court hearing on April 22 to extend its AGM deadline to July 2, 2026.
1. Mizuho Raises Price Target on SEC Rule Change
Analyst Dan Dolev at Mizuho raised the price target for Robinhood to $115 from $105, maintaining an Outperform rating. The upgrade follows the SEC’s revision of the Pattern Day Trader rule, which is expected to lower account funding thresholds and boost retail trading volumes on Robinhood’s platform.
2. Court Reschedules WonderFi AGM Extension Hearing
A British Columbia Supreme Court hearing to extend WonderFi’s AGM deadline to July 2, 2026, has been rescheduled to April 22 at 9:45 a.m. Vancouver time due to courtroom scheduling constraints. The extension is sought under the final order approving the transaction through which Robinhood will acquire WonderFi, subject to customary regulatory approvals.
3. Acquisition Implications and Integration Timeline
Robinhood continues to target closing the WonderFi acquisition in the first half of 2026, contingent on satisfying remaining conditions in the arrangement agreement. Post-closing integration will enable deployment of Robinhood’s proprietary trading and payment technology across WonderFi’s platforms, including Bitbuy and Coinsquare, to capture growth in Canada’s digital asset market.