Robinhood stock has remained in focus after Cantor Fitzgerald raised its price target to $130 while the company moved ahead with plans to raise up to $2.2 billion through a convertible debt offering.
Summary
- Cantor Fitzgerald raised its Robinhood price target to $130 while maintaining a Buy rating.
- Robinhood plans to raise up to $2.2 billion through a convertible notes offering due in 2029.
- Bernstein expects prediction market revenue to grow to $586 million in 2026 as HOOD holds key technical support near $102.
According to a recent research note, Cantor Fitzgerald increased its target on Robinhood Markets from $110 to $130 and maintained its Buy rating, citing several growth drivers that the firm believes are not fully reflected in the company’s valuation.
The brokerage pointed to upcoming product launches, growth in prediction markets, a stronger pipeline of public listings, and regulatory developments that could support trading activity across Robinhood’s platform.
Separately, Goldman Sachs also lifted its target on the stock from $105 to $108, while Truist Securities reiterated a Buy rating and maintained a $100 price target after reviewing recent trading data.
Shares of Robinhood were trading around $102.70 at the time of writing, down nearly 3% on the day but still up roughly 40% over the past month.
Analysts point to new revenue drivers
Reviewing early June activity, Truist Securities said crypto trading volumes remain subdued but have begun showing signs of improvement. The firm noted that monthly trends have turned more constructive and estimated transaction revenue could exceed consensus expectations by double-digit percentages during the second quarter.
Based on the same data, Truist Securities projected overall revenue growth in the mid- to high-single-digit range compared with current forecasts.
Prediction markets remain one of the most closely watched parts of Robinhood’s business. Bernstein recently projected that Robinhood’s prediction market revenue could rise to $586 million in 2026 from $150 million in 2025. The firm linked that outlook to strong user participation around the FIFA World Cup, where daily market volumes have reportedly reached as much as $4.8 billion.
Additional product expansion has also contributed to investor attention. As reported by crypto.news, last week Robinhood recently rolled out its AI-powered Agentic Trading platform to all customers. The feature allows users to create dedicated accounts for AI-assisted investing while retaining control over how much authority is delegated to automated systems.
At the same time, Robinhood has continued expanding its crypto offerings. The company listed Worldcoin on its platform, giving the token access to a larger retail audience. Despite the listing, crypto.news reported that Worldcoin fell nearly 15% over the past day amid continued weakness across digital asset markets.
Robinhood prepares major debt offering
Alongside analyst upgrades, Robinhood recently announced plans to raise $2 billion through a private placement of convertible senior notes due in 2029.
According to the company, purchasers may also acquire an additional $200 million of notes if demand warrants it, bringing the total potential raise to $2.2 billion. The notes will be unsecured obligations and may be settled in cash, Robinhood shares, or a combination of both, depending on final terms.
Interest rates, conversion prices, and other details will be determined during the offering process.
While the fundraising effort moves forward, Robinhood has also taken steps to streamline operations. Last week, the company announced plans to eliminate about 10% of its full-time workforce. Robinhood said the restructuring would result in approximately $28 million in related charges as management simplifies reporting structures within the company.
Meanwhile, investor positioning remains mixed. According to recent fund disclosures, Cathie Wood’s ARKK fund sold approximately $29 million worth of Robinhood stock while purchasing about $17.2 million worth of Block shares.
HOOD price remains in an uptrend despite pullback
Robinhood’s recent decline has done little to alter its broader bullish structure. The daily chart shows HOOD pulling back to around $103 after briefly reaching a new high near $110, following a strong rally from April lows around $64.
Technical indicators suggest buyers remain active despite the latest profit-taking. The stock continues to trade above the daily Supertrend indicator, which sits near $92.5 and has acted as dynamic support throughout the recent advance. As long as HOOD remains above that level, the broader uptrend remains intact.
A Fibonacci retracement drawn from the April low near $63.8 to the recent high around $112.5 places the 78.6% retracement level at roughly $102.1. The stock is currently testing that area, making it an important support zone for traders watching the next move.
Meanwhile, the Chaikin Money Flow indicator remains positive at 0.22, indicating capital continues flowing into the stock despite the recent retreat from highs.
As such, sustained buying pressure could allow HOOD to stabilize above the $102 support area and potentially revisit resistance near $108 and $112.
On the downside, a decisive break below $102 could expose the next Fibonacci support levels near $93.9 and $88.2. Even in that scenario, the longer-term structure would remain constructive while the stock holds above the Supertrend support around $92.5.
This technical setup comes as Wall Street analysts continue raising their outlook on Robinhood, with several firms pointing to prediction markets, AI-powered investing tools, and improving trading activity as potential drivers of future growth.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
