Robinhood stock surges after Goldman lifts its target
Published on 08/13/2026 at 17:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Robinhood Markets (US7707031024) is trading higher after Goldman Sachs raised its target to $123 from $118 and kept a Buy rating, while Robinhood Markets reported July 2026 operating data that showed 28.5 million funded customers and $355 billion in platform assets.
Shares were quoted at $98.60 at 10:52 a.m. EDT on August 13, 2026, with a 3.89% gain, a market cap of $85.33 billion and volume of 7.45 million shares. The move follows a pre-market note and adds to the stock's 52-week range of $63.52 to $153.86.
July data stays firm
The July 2026 update pointed to 56 billion dollars in net deposits on an annualized basis, 333 billion dollars in stock notional trading volume and 324 million options contracts. Event contracts reached 6.1 billion, and platform assets still stood at $355 billion despite a 4% sequential decline.
The comparison matters. In the latest quarterly report, Robinhood posted second-quarter 2026 revenue of $1.31 billion, up 32% year over year, and earnings per share of $0.62, above the $0.41 consensus figure cited in market coverage.
Consensus and chart
MarketBeat data put the consensus price target at $120.52, while the share price remained below that level even after the morning jump. The stock also stayed above its 200-day moving average of $86.42 and below its 50-day average of $99.61, a setup that keeps the technical picture mixed.
Historically, the second-quarter result also included $156 million in prediction-markets revenue and adjusted EBITDA of $741 million, two figures that now matter because they show how fast the newer business lines are scaling.
Prediction markets
Robinhood's own app still puts prediction markets at the center of the product push, alongside stocks, ETFs, crypto, options and futures. The July operating update suggests that the category remains a meaningful revenue driver, with 6.1 billion event contracts traded during the month.
Price and trading view
Robinhood stock was quoted at $98.60 as of August 13, 2026, 10:52 a.m. EDT. That left the shares above the prior close of $94.91 and within the same 52-week band of $63.52 to $153.86.
More on Robinhood Markets
Robinhood Markets is a U.S. retail brokerage and trading platform that offers stocks, ETFs, crypto, options, futures and prediction markets through its app and related products.
Fact box
Company: Robinhood Markets, Inc.
ISIN: US7707031024
Ticker: HOOD
Exchange: Nasdaq
Price (as of August 13, 2026, 10:52 a.m. EDT): $98.60 USD
Market cap: $85.33 billion
Sector / Industry: Financials / Capital Markets
Index membership: Nasdaq-100
