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.
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%.
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. CDC Gaming
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.
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.
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.
