MENLO PARK, California, August 17, 2026, 13:07 EDT — US cash markets trade is underway.
- At 12:48 EDT, Robinhood was up 0.83% at $96.35.
- Event-contract revenue totaled $156 million, surpassing equities and crypto.
- The consensus analyst price target suggests a 28.3% potential gain, though the stock currently trades at 42.6 times earnings.
Shares of Robinhood Markets NASDAQ:HOOD climbed 0.83% to $96.35 on Monday, remaining above the $94.97 opening price but still significantly under last year’s high of $153.86.
The more telling metric lies beneath the share price. Robinhood reported event-contract revenue of $156 million in the last quarter, outpacing equities revenue at $129 million and crypto revenue at $100 million.
Event contracts accounted for 20.1% of transaction revenue from Robinhood’s $776 million total, and made up 11.9% of overall company revenue. The new business is helping offset slowing crypto trading.
| Monday session overview | Value |
|---|---|
| Price as of 12:48 EDT | $96.35 |
| Change for the day | +0.83% |
| Session open | $94.97 |
| Range during session | $93.80-$96.92 |
| Market capitalization | $86.59 billion |
| Price/earnings ratio (TTM) | 42.61 |
Transaction revenue accounted for 59.2% of net revenue in the second quarter. Trading activity remains crucial to valuation, despite Robinhood’s focus on growing subscriptions, banking services, and interest income.
| Q2 2026 revenue line | Revenue | Year-over-year change | Share of total revenue |
|---|---|---|---|
| Options | $342 million | up 29% | 26.1% |
| Event contracts | $156 million | over 10 times higher | 11.9% |
| Equities | $129 million | rose 95% | 9.8% |
| Crypto | $100 million | down 38% | 7.6% |
| Total net revenue | $1.31 billion | increased 32% | 100% |
Robinhood achieved record volumes in equity, option, and event-contract trades, Chief Financial Officer Shiv Verma said. Net income climbed 48% to $573 million, while the company’s expenses increased by 33%.
The mix shift is significant. Robinhood’s Bitstamp acquisition did not prevent a 38% drop in crypto revenue. Growth in event-contracts outweighed that loss in dollar value.
| Analyst | Firm | Recommendation | Target | Date |
|---|---|---|---|---|
| Manyi Lu | DBS | Buy, maintained | $120 | Aug. 13 |
| Benjamin Budish | Barclays | Buy, maintained | $105 | Aug. 13 |
| Craig Siegenthaler | Bank of America Securities | Buy, maintained | $140 | Aug. 5 |
| James Yaro | Goldman Sachs | Buy, reiterated | $118 | July 30 |
| Ken Worthington | J.P. Morgan | Hold, maintained | $103 | July 30 |
Analysts maintain a bullish stance overall. According to Google Finance, there are 15 buy ratings and three holds, with no sell ratings. The average price target is $123.58, which is 28.3% higher than the price quoted on Monday.
| Reference level | Price | Change from $96.35 |
|---|---|---|
| Lowest analyst estimate | $100.00 | +3.8% |
| Mean analyst estimate | $123.58 | +28.3% |
| Highest analyst estimate | $160.00 | +66.1% |
| 12-month peak | $153.86 | +59.7% |
| 12-month low | $63.52 | -34.1% |
The spread between targets is considerable, ranging from $100 to $160—a 60% difference. Goldman Sachs most recently reiterated a Buy rating on July 30 with a $118 target, instead of issuing a new upgrade on Monday.
Risks: Robinhood’s price-to-earnings ratio of 42.6 offers scant tolerance for any decline in trading activity. Crypto revenue has already seen a significant drop, and regulatory pressure on event contracts could increase. A slowdown in monthly volumes would challenge the resilience of the company’s updated revenue blend.
The next important indicator is Robinhood’s monthly operating statistics. Investors should assess if event-driven activity is able to balance weaker equity or crypto trading volumes, without compromising transaction margins.
Related articles: NASDAQ:HOOD
