HOOD
Needham says the party’s not over
Robinhood got a fresh cheerleader on Thursday: Needham raised its price target on the stock to $97 from $85 and kept its Buy rating intact. That kind of move doesn’t magically make a stock go up, but it absolutely tells traders the Street still sees room for more upside.
The real story: it’s not just a crypto app anymore
Analyst John Todaro’s take is basically: Robinhood is evolving from “where retail buys meme coins” into a broader trading-and-finance platform. He pointed to strength in equities, options, and prediction markets, plus the idea that improving crypto regulation could open the door for new products in 2026.
That matters because Robinhood’s growth story gets a lot sturdier if it can make money from multiple activity streams instead of waiting for crypto volume to wake up from its nap.
The market likes momentum, and HOOD has it
The stock is already trading strong, and Needham’s higher estimate adds fuel to the fire. The firm also raised its 2026 and 2027 revenue forecasts, which is Wall Street-speak for: “We’re seeing more than just a one-week pop.”
The big picture: Robinhood is trying to become the financial super app it’s always hinted at being. If it keeps stacking products and getting friendlier regulation, the market may keep giving it the kind of multiple usually reserved for stocks with much less drama and much more swagger.