Robinhood Shares Jump 29% in May as Price Targets Rise to $115
HOOD•Robinhood shares climbed over 29% in May after reporting $1.07 billion in quarterly revenue that fell short of estimates due to weak cryptocurrency trading. Mizuho raised its price target to $115 and Morningstar increased fair value to $52, forecasting 13% revenue CAGR and 17.3% EPS growth.
1. May Stock Performance
Robinhood shares rallied 29% in May despite reporting $1.07 billion in quarterly revenue that trailed analyst estimates due to subdued cryptocurrency transaction volumes. The strong stock performance marked its best month of 2026.
2. Analyst Price Target Updates
Mizuho lifted its price target on Robinhood to $115 from $110 and maintained an Outperform rating, implying roughly 22% upside from the prior close. Meanwhile, ARK Invest sold 144,218 shares to lock in gains after the recent rally.
3. Morningstar Growth Forecasts and Diversification
Morningstar raised its fair value estimate for Robinhood to $52 per share from $50, projecting 10-year compound annual growth rates of 13% for revenue, 14.2% for operating profit and 17.3% for diluted EPS. The firm highlighted banking deposits nearing $2 billion and retirement assets of $27.4 billion as key drivers of long-term growth.
