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HOOD Stock Jumps As Wall Street Hikes Price Targets

MATT MONACO•UPDATED JUN. 17, 2026, 2:33 PM ET
Reviewed by Jack Kelloggand Fact-checked by Tim Sykes

Robinhood Markets Inc. stocks have been trading up by 12.88 percent amid strong user growth and rising retail trading activity.

Key Takeaways

  • May 2026 data showed HOOD platform assets at $377B, up 48% year over year, with 27.7M funded customers and $5.6B in May net deposits, supporting double‑digit annualized growth.
  • Equity trading volumes surged about 75% and options contracts 29% year over year, while prediction contracts hit record levels and crypto activity lagged as traders chased AI‑related equities.
  • Shares of HOOD climbed roughly 8% after the May metrics, helped by 9% month‑over‑month asset growth, insider buying, and approval for Robinhood Securities to act as an IPO underwriter.
  • Major banks including Goldman Sachs, Deutsche Bank, Needham, and Cantor Fitzgerald lifted HOOD price targets into the high‑$90s to low‑$110s, with Street averages around $102–$103.
  • Analysts flag the Rothera joint venture, enhanced prediction‑markets routing, and SpaceX IPO access as new growth levers that push Robinhood toward a broader “financial super app” profile.

Candlestick Chart

Live Update At 14:32:46 EDT: On Wednesday, June 17, 2026 Robinhood Markets Inc. stock [NASDAQ: HOOD] is trending up by 12.88%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

HOOD has been trading like a momentum name, and the tape backs that up. Over the last few weeks, Robinhood stock has ripped from the mid‑$70s to a recent close around $109. On 2026/06/17, HOOD opened near $96 and powered to $109.23, finishing almost at the high of the day. That kind of range and strong close tell traders dip‑buyers are firmly in control.

Intraday, the 5‑minute chart shows a steady grind higher rather than a wild spike. HOOD held above $100 by mid‑morning, then based in the low $100s before squeezing into the high $108–$109 zone into the close. For active traders, that’s classic trend‑day behavior, with higher lows and strong volume confirmation implied by the price action.

More Breaking News

Under the hood, Robinhood’s fundamentals are finally starting to match the chart. Revenue over the last year sits around $4.47B, with an EBITDA margin near 32% and gross margin over 80%. HOOD is not cheap at roughly 35x earnings and about 14x sales, but cash generation is strong, with about $2.02B in free cash flow last quarter and $11.8B in cash on the balance sheet. For momentum‑focused traders, that combo of rapid growth, fat margins, and a strong balance sheet often keeps the trend alive longer than skeptics expect.

Why Traders Are Watching HOOD Now

This HOOD move is not a meme‑style squeeze; it is being driven by hard numbers and a clear shift in Street sentiment. In May 2026, Robinhood reported platform assets of $377B, up 48% year over year, with $5.6B in net deposits in a single month. That pace implies about 19% annualized asset growth off April levels and 27% annualized net deposit growth over the past year. For any brokerage, that is a serious inflow wave.

Trading activity is ramping even faster. Equity volumes jumped roughly 75% year over year, options contracts climbed about 29%, and event or prediction contracts hit record or near‑record levels. At the same time, HOOD saw weaker crypto activity as retail capital rotated into AI‑related equity trades. That mix shift matters. Equities and options are historically strong revenue engines for Robinhood, and prediction markets add a fresh fee stream on top.

Wall Street is taking notice. Goldman Sachs raised its Robinhood price target to $108 from $105 after those May metrics, highlighting record prediction‑markets volume and near‑record equity and options activity. Needham bumped its target to $97 from $85 and framed HOOD as a top candidate to become a broad “financial super app” in a hotter trading backdrop. Deutsche Bank pushed its target to $105, while FactSet data show an Overweight consensus and mean targets around $102–$103.

At the same time, HOOD is opening new lanes. Robinhood Securities won approval to act as an underwriter for IPOs, moving beyond a selling‑group role. The firm also secured SpaceX IPO access for all 855,424 users who asked for shares, giving each at least one share. Add the Rothera joint venture, which lets Robinhood recapture more economics from prediction‑markets routing, and you get a multi‑pronged growth story that traders cannot ignore.

Conclusion

For active traders, HOOD sits at the intersection of three powerful forces: rising retail risk appetite, expanding product lines, and a Street that is chasing the story higher. The stock now trades near or slightly above many published price targets, but the flow of bullish notes from Goldman Sachs, Deutsche Bank, Needham, and Cantor Fitzgerald shows that analysts are still trying to catch up with the fundamentals and the tape.

Robinhood’s May numbers — $377B in assets, 27.7M funded customers, and a 48% year‑over‑year jump in platform assets — give real backing to the “financial super app” narrative. The Rothera joint venture and prediction‑markets routing promise better per‑trade economics, while underwriter status and marquee deals like SpaceX IPO access deepen HOOD’s role in capital markets. Those are the kinds of catalysts that keep traders coming back to the ticker.

The risk, as always, is that expectations get too far ahead of reality. A slowdown in trading volumes, renewed pressure in crypto, or regulatory pushback could shake this rally. That is why disciplined trade planning matters here. As Tim Sykes likes to remind his students, “The market doesn’t care about your opinion — only your risk management.” As millionaire penny stock trader and teacher Tim Sykes, says, “You must adapt to the market; the market will not adapt to you.”. For HOOD, the message is clear: ride the momentum if it fits your strategy, but always know exactly where you will cut losses if the trend breaks.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”