StoneX reiterated its "Buy" rating and $170 price target for Robinhood Markets (HOOD). The reaffirmation follows a company summit where Robinhood unveiled new products. These include AI-powered trading agents and expanded crypto and options trading hours.
Robinhood's strong financial performance supports the analyst's positive stance. Revenue increased 32% year-over-year to a record $1.31 billion. This occurred in the second quarter of 2026.
StoneX previously initiated coverage in September. The firm cited accelerating growth across nearly all of Robinhood's operating metrics. It also noted the company's expansion into new areas, such as proprietary market infrastructure.