Robinhood Markets (Nasdaq: HOOD), the e-trading brokerage platform popular for its equity, crypto, and tokenized stock offerings, is set to report the earnings for Q2 2026 on July 29.
Last quarter, the brokerage firm missed Wall Street estimates as it generated $0.38 in earnings per share (EPS) and $1.07 billion in revenue against the estimated $0.39 in EPS and $1.139 billion in revenue.
For the second quarter of the year, Wall Street consensus estimates compiled by FactSet projected EPS of $0.41 on revenue of approximately $1.26 billion.
Ahead of the earnings release, analysts hiked their price targets on the Robinhood stock.
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Needham raises Robinhood price target to $123
Needham hiked its price target on Robinhood by more than 25% from $97 to $123 on July 21. The firm increased its estimates for the platform based on continued strength across nearly all metrics while maintaining a Buy rating.
Needham said it views Robinhood as the most advanced financial services platform in becoming a financial super app.
The firm raised its estimates for Q2 2026 across equities, options, crypto, and event contracts. It also increased its full-year 2026 and 2027 revenue estimates as retail activity remains strong across asset classes on Robinhood.
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KeyBanc raises Robinhood price target to $123
KeyBanc raised its price target on Robinhood by 25% from $100 to $125 due to healthy fundamentals on July 22.
As per the analyst, catalysts such as the progress on the CLARITY Act keep gathering momentum, and the legislation may support sentiment for crypto stocks like Coinbase, Circle, and Robinhood despite poor crypto trading volume.
The analyst maintained an Overweight rating on the Robinhood stock.
At the time of writing, the HOOD stock was exchanging hands at $92.25.
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This story was originally published by TheStreet on Jul 28, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.