New York, January 9, 2026, 17:47 EST — After-hours
- Robinhood shares slipped about 0.1% in after-hours trading
- Argus initiated coverage with a Buy rating and $145 price target
- Barclays kept an Overweight rating but cut its target to $159 ahead of Q4 reports
Robinhood Markets (HOOD.O) shares dipped 0.1% in after-hours trading on Friday, even as Argus Research initiated coverage with a buy rating and a $145 price target. The stock was last at $115.27. 1
The fresh rating lands as investors look for signs that retail trading demand is holding up into year-end and that newer products are adding steadier revenue. Robinhood has been pushing beyond core stock trading, which can swing sharply with market volatility.
A day earlier, Barclays cut its price target on Robinhood to $159 from $171 and kept an Overweight rating, saying total volumes across equities, options and futures rose from the prior quarter while volatility picked up. Shares of Charles Schwab were down 1.2% after hours, Interactive Brokers was up 0.4%, and crypto exchange Coinbase slid 1.9%. 2
Price targets are analysts’ estimates of where a stock could trade over the next 12 months, not promises. “Overweight” is a bet the shares will outperform the broader group.
Robinhood also faces a legal overhang tied to its prediction-markets push. Native American gaming groups filed a brief backing a Wisconsin tribe’s case against prediction marketplace Kalshi and Robinhood, arguing the activity is “brazenly illegal” and warning that, “For tribes, gaming is not merely a ‘commercial’ endeavor, but an existential one.” An amicus brief is a filing by non-parties intended to influence a court’s decision. 3
The fight is part of a broader clash between prediction-market operators and state gaming authorities. A Nevada judge last year found Kalshi subject to state gaming rules and separately rejected Robinhood’s request for a temporary order allowing its customers to trade sports-related contracts on Kalshi’s exchange, prompting Robinhood to say it would temporarily stop offering those contracts in Nevada starting Dec. 1. 4
Traders now turn to the next hard catalyst: Robinhood is scheduled to release fourth-quarter and full-year 2025 results on Feb. 10 after the market close, followed by a video call at 5 p.m. ET with Chief Executive Vlad Tenev and incoming Chief Financial Officer Shiv Verma. The company said shareholders can submit and upvote questions beginning Feb. 3, with submissions closing Feb. 9. 5
But the setup cuts both ways. Any slowdown in options, crypto or other retail-driven activity could hit transaction-based revenue, while an adverse ruling in the Wisconsin case — or new state restrictions — could limit a business line that bulls have pointed to as a growth driver.
Next up: the shareholder Q&A window opening on Feb. 3 and, beyond that, the Feb. 10 earnings report, with investors also watching for court developments in the Kalshi-related litigation.
