Analysts Are Bullish on Robinhood (HOOD) Stock — But Earnings Could Change Everything

TLDR

• Robinhood reports Q2 2026 earnings on July 29 after market close
• Options traders are pricing in a 12.6% move in HOOD stock post-earnings
• Wall Street expects EPS of $0.42 and revenue of $1.27 billion, up 28.4% year-over-year
• KeyBanc raised its price target to $125; Needham lifted theirs to $123 with a Buy rating
• HOOD has a Strong Buy consensus rating with an average price target of $116.46

---

Robinhood Markets (HOOD) is set to report its second-quarter 2026 results on July 29 after the market close. The stock is currently down about 6% year to date as investors have taken profits following earlier gains.

HOOD stock is trading around $105, based on the consensus price target implying roughly 10% upside to $116.46.

Robinhood Markets, Inc., HOOD

Options traders are pricing in a 12.6% swing in either direction following the earnings print. That’s above the stock’s average post-earnings move of around 9% over the past four quarters.

One source puts the implied move at 9.2%, while TipRanks’ Options Tool puts it at 12.6%. Either way, the market is bracing for a notable swing.

Robinhood has a track record of overshooting its implied moves. In six of the past eight earnings reports, the actual move exceeded what options had priced in.

The biggest miss came on April 28, when options implied a 7.9% move but the stock dropped 22%. On February 10, an 8% implied move turned into a 13.3% decline.

Not all surprises were to the downside. On February 12, 2025, HOOD jumped 21.3% against an implied move of just 11.4%.

What Analysts Are Expecting

Wall Street is forecasting EPS of $0.42 for Q2, roughly flat compared to the same quarter last year. Revenue is expected to come in at $1.27 billion, a 28.4% increase year-over-year.

Crypto trading will be a key focus. In Q1 2026, Robinhood generated $160 million in cryptocurrency revenue, up 98% year-over-year. Investors want to know if that momentum held in Q2.

Activity levels across equities, options, event contracts, and crypto will all be under the microscope.

Analysts Raise Price Targets

KeyBanc analyst Alex Markgraff raised his price target on HOOD from $100 to $125. He pointed to improving fundamentals and a stronger outlook, though he expects crypto trading volumes to stay flat in the second half of 2026.

Markgraff also flagged potential regulatory tailwinds from the CLARITY Act, a proposed U.S. law that would establish a clearer framework for digital assets.

Needham’s John Todaro lifted his price target from $97 to $123 and kept a Buy rating. He called Robinhood the financial services company best placed to become a “financial super app.”

He highlighted strength across nearly every key metric heading into the print.

According to TipRanks, HOOD carries a Strong Buy consensus rating based on 16 Buys and 3 Holds over the past three months. The average price target sits at $116.46, implying about 10% upside from current levels.

Robinhood reports after the bell on July 29.