Robinhood Soars as Goldman Sachs Boosts Price Target Following Rothera's Surprising Success
Robinhood's prediction market platform, Rothera, is off to a strong start, according to Goldman Sachs. In its first quarter, Rothera generated approximately $150 million in annualized revenue, making it one of the three biggest prediction market exchanges in the world by volume since its launch in May 2026. Goldman Sachs analyst James Yaro attributed this success to deep liquidity, low fees, and the ability to scale to more brokers and products.
Goldman Sachs raised Robinhood's price target to $142 from $124 and reiterated a 'Buy' rating, citing Rothera's early scaling. This implies an upside of 16% from HOOD stock's Friday close of $122.
In related news, Robinhood was named an underwriter on Oura's IPO filing, its first such role since receiving regulatory approval in June. Additionally, the company is expanding its ties with Crypto.com through a multi-year deal, which includes adding yes-or-no event contracts offered by Crypto.com to its app and taking minority stakes in the exchange and its prediction market division.