Goldman Boosts Robinhood Target to $124 as Price Surges to $111.01

Robinhood's stock price surged 6.4% intraday to $111.01, pushing against its Bollinger upper-band resistance.

This move comes after Goldman Sachs raised its target for HOOD to $124 on August 25, citing structural growth in brokerage, prediction markets, and regulatory progress.

The company's Q2 2026 revenue hit a record $1.31 billion, up 32.5% year over year, with EPS of $0.62 exceeding the consensus by nearly 41%.

President Trump's push for the Clarity Act, a crypto regulatory framework, contributed to a 13.2% single-week rally that drove HOOD to its 52-week peak of $153.86.