JPMorgan Chase Raises Robinhood Stock Price Target for 2026, Doubles It to $98

BlockBeats News, July 29th: JPMorgan Chase has doubled its 2026 price target for Robinhood stock to $98. At the same time, Robinhood is set to announce its second-quarter earnings on Wednesday. JPMorgan Chase maintains a Neutral rating on Robinhood and expects Robinhood to earn $0.31 per share, up from $0.21 in the same period last year. JPMorgan Chase believes that Robinhood's initiatives in cryptocurrency and tokenized finance will increase its operational leverage and create long-term profit potential.