Robinhood Markets stock gets a USD 156 target before Q3 results

Published on 10/06/2026 at 18:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Robinhood Markets stock heads toward October 27 results after Q2 revenue reached USD 1.3 billion. Diluted EPS was USD 0.62, versus USD 0.38 in Q1.

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Robinhood Markets stock was trading at USD 113.51 on Nasdaq on October 6, 2026 at 12:04 p.m. ET, down 0.53 percent from the prior close. The immediate catalyst is a higher Bank of America target ahead of the company's third-quarter report.

Bank of America raises target

Investing.com reported on October 5, 2026, that BofA Securities raised its Robinhood price target to USD 156 from USD 140 and maintained a Buy rating. At USD 113.51, the target lies 37.4 percent above the stock price, giving the revision a measurable valuation gap rather than a purely verbal upgrade.

BofA also lifted its third-quarter 2026 EPS estimate to USD 0.55 from USD 0.52 and its full-year 2026 estimate to USD 2.24 from USD 2.16. The firm linked the higher forecasts to trading activity and net interest income expectations, while the price target uses a 40 times multiple on its 2028 earnings estimate plus USD 4 billion in cash.

Q2 revenue rose 32 percent

Robinhood's Q2 FY2026 revenue rose 32 percent year over year to USD 1.3 billion, according to the company's earnings summary carried by TradingView. The finance statement for the quarter ended June 30, 2026, shows diluted EPS of USD 0.62, compared with USD 0.38 in Q1 2026.

The growth mix is becoming more important for the October report. TIKR reported that event contracts revenue rose more than tenfold to USD 156 million in Q2, while retirement assets under custody increased 82 percent to USD 34.5 billion. That combination supports the expansion story, but it also raises the importance of product mix in the next quarter.

October 27 sets the next test

Robinhood's Q3 2026 results are scheduled for October 27, 2026, after the market close, with management's discussion at 5:00 p.m. ET, according to the company's investor release dated October 1, 2026. The report will show whether trading volumes and newer products can support the estimates behind BofA's target.

Stock remains below yearly high

Robinhood Markets stock was trading at USD 113.51 on Nasdaq on October 6, 2026, with an intraday range of USD 113.17 to USD 116.25. Its 52-week range is USD 63.52 to USD 153.56, placing the price 26.1 percent below the yearly high, while market capitalization stood at USD 102.1 billion.