Robinhood Shares Gain 29.5% in June Despite 1.5% Drop, Analysts Set $82-$125 Targets
HOOD•Shares of Robinhood climbed 29.46% for the month through June 26 and closed at $100.28 on June 30, down 1.52%. Major brokers including Deutsche Bank, Goldman Sachs, Barclays and BTIG maintain Buy ratings with price targets of $82 to $125 and project over 20% asset growth.
1. June Price Movements
Shares of Robinhood climbed 29.46% for the month through June 26 and closed at $100.28 on June 30, down 1.52% on the day.
2. Analyst Ratings and Targets
Brokerages including Deutsche Bank, Goldman Sachs, Barclays and BTIG maintain Buy ratings with price targets ranging from $82 to $125, citing strong trading volumes and international expansion as key growth drivers.
3. Valuation and Growth Outlook
Robinhood trades at about 46 times next-12-month earnings versus peers at roughly 15 times, a premium analysts justify by projected platform asset growth exceeding 20% annually fueled by a young customer base and new user additions.
4. Canadian Crypto Competition
Webull’s launch of cryptocurrency trading in Canada intensifies competition for Robinhood, which entered the market following its acquisition of WonderFi, as both firms vie for digital asset volumes.
