Robinhood June Volumes Hit Records, Price Targets Raised to $130, $110
HOOD•Truist Securities kept a Buy rating and $100 target on Robinhood after June equities, options and prediction market volumes hit record levels while crypto revenues remain suppressed, and Cantor Fitzgerald and Argus raised targets to $130 and $110. The stock’s 65% rally from its 52-week low draws valuation-sell-off concerns.
1. Truist Rating And June Volume Update
Truist Securities reaffirmed a Buy rating on Robinhood Markets and maintained a $100 price target after the company’s June trading volumes in equities, options, and its new prediction market platform each reached record monthly highs. Crypto transaction revenues lagged but posted a positive month-over-month increase.
2. Cantor Fitzgerald And Argus Price Target Raises
Cantor Fitzgerald raised its Robinhood price target to $130, citing anticipated growth from the launch of Rothera and increased prediction market engagement tied to the upcoming FIFA World Cup, while Argus boosted its target to $110, highlighting the 10% workforce reduction as a driver for efficiency gains.
3. Stock Rally And Valuation Concerns
Robinhood’s shares have climbed 65% from their 52-week low on recovering transaction metrics, but analysts caution that the current valuation may not be sustainable and could lead to a renewed sell-off if growth rates fail to justify the elevated multiple.
