JPMorgan raised Robinhood's target price for 2026 to $98, expecting its Q2 crypto trading revenue to reach $169.3 million

ChainCatcher news, according to CoinDesk, JPMorgan has raised its target price for Robinhood in 2026 from $47 to $98, an increase of 108%, primarily based on its expansion in cryptocurrency business and its layout for tokenized stock trading in the EU. The investment bank expects Robinhood's earnings per share for the second quarter to be $0.31, with cryptocurrency trading revenue potentially reaching $169.3 million.

Robinhood's stock price has risen 170% this year, recently acquiring the Bitstamp exchange and launching over 200 types of tokenized stock trading.

Analysts point out that the U.S. SEC's approval of a license for a similar platform, Dinari, indicates that tokenized finance may gain broader regulatory recognition.