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JPMorgan Doubles Robinhood Price Target Ahead of Q2 Report

The upgrade reflects confidence in Robinhood’s expanding crypto revenue fueled by its EU tokenized trading rollout

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Robinhood price target doubled by jpmorgan on crypto and tokenization bets
Robinhood, s&p 500, nasdaq 100: bitstamp deal, record closes, and jpmorgan's bold forecast

Overview

  • Analysts forecast second-quarter earnings per share of $0.31 and $515 million in transaction-based revenue
  • FactSet estimates project crypto trading revenue will double year-over-year to $169.3 million
  • Robinhood closed its $200 million acquisition of Bitstamp in June to strengthen its European crypto infrastructure
  • Under MiCA rules the platform launched trading of over 200 tokenized stocks and ETFs with full 24/7 access planned after integrating Bitstamp’s order book
  • The company plans tokenized exposure to private firms like OpenAI and SpaceX to broaden decentralized finance offerings for EU investors