Robinhood June Volumes Top $343B, Goldman Lifts Target to $121
HOOD•Goldman Sachs lifted its Robinhood Markets price target to $121 from $108 after June’s record volumes of $343 billion in equities, 274 million options contracts and $14 billion in crypto. BTIG also initiated coverage with a $125 target, forecasting assets to compound over 20% annually.
1. Analyst Upgrades and Price Targets
Goldman Sachs raised its Buy rating on Robinhood to a $121 price target, up from $108, citing stronger-than-expected June metrics and about 23% upside from Friday’s close. Shortly before, BTIG initiated coverage with a Buy rating and a $125 target, projecting annual asset compound growth above 20%.
2. June Trading Records
Robinhood posted record June activity with $343 billion in equity volumes, 274 million options contracts and $14 billion in crypto trading. MoM metrics jumped 60% in event contracts, 38% in options and crypto volumes, and 27% in equities, surpassing analyst forecasts by wide margins.
3. Platform Innovations and Outlook
Growth was driven by prediction markets via Rothera during the World Cup, the rollout of Agentic Trading AI assistants and the WonderFi acquisition in Canada. Removal of the Pattern Day Trader rule and a 10% workforce reduction supported margin forecasts, prompting analysts to raise 2026-28 revenue and EPS estimates by up to 10%.
