Citizens JMP Boosts HOOD Price Target to $165 Amid Blockchain Ambitions

The price of HOOD stock has remained relatively flat today despite recent bullish predictions from market experts.

A renowned analyst has raised their price target for Robinhood (HOOD) stock to $165, citing robust growth in the company's blockchain ambitions, particularly its emerging Robinhood Chain initiative.

The analyst believes that Robinhood Chain could contribute approximately $1 million in net revenue per day once its activity is reflected in the company's 2027 estimates, which would translate to roughly $365 million in annual revenue.

This estimate is notable because Robinhood Chain has only recently reached a level of activity that analysts consider substantial enough to be incorporated explicitly into financial forecasts.