Mizuho Raises Price Target on Robinhood Markets from $99 to $120, Maintains Outperform Rating

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the top stocks Grok recommended. On August 1, Mizuho raised the price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $99 to $120, maintaining its Outperform rating on the stock.

Mizuho analyst Dan Dolev increased the price target of HOOD following record Q2 2025 results. The company posted revenue of around $989 million, up by 45% year-over-year and exceeding estimates by $75.67 million. The sales were driven by robust business growth and higher trading volumes. Robinhood achieved a record number of net deposits, making it the third highest quarter ever, with more than $10 billion in net deposits for the sixth consecutive quarter. Moreover, the Bitstamp acquisition will now expand Robinhood’s institutional business, contributing to its global financial network.

Dolev sees this big quarter and accelerating year-over-year growth to be great news for the company. The analyst sees Robinhood’s focus on asset tokenization and expanding into lending as “particularly interesting.”

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Disclosure: None. This article is originally published at Insider Monkey.