After recovering nearly 20% from June 5 lows, Robinhood (NASDAQ: HOOD) stock received two new positive recommendations on the penultimate day of the month.
The first of the two came in the form of a 12-month HOOD price upgrade from $108 to $121 from Goldman Sachs’ (NYSE: GS) James Yaro, who, simultaneously, rated the equity as a ‘Buy’.
According to the analyst, Robinhood reported stronger-than-anticipated activity through June, with preliminary data showing a rocket in activity across multiple asset types – cryptocurrencies, stocks, options, and event contracts – thus backing the upgrade.
Additionally, Yaro’s estimate is that the data reinforces the view that the platform’s growth, product rollout, and a rise in retail investment activity are all driving momentum.
Elsewhere, though Barclays analyst Benjamin Budish also issued a ‘Buy’ recommendation for Robinhood stock, he nonetheless chose to keep the previous – and comparatively bearish, as it constitutes a 16.91% downside – $82 price target for the next 12 months.
Analysts predict Robinhood stock price in the next 12 months
Zooming out, despite remaining 14.34% in the red year-to-date (YTD) at their latest closing price of $98.69, HOOD shares command Wall Street optimism. Specifically, Robinhood is, overall, considered a ‘Strong Buy’ on the stock analysis platform TipRanks, per the data Finbold retrieved on June 29.
Notably, the figures appear to reflect the equity’s 38% rise in the previous two months as, in contrast to the decisive recommendation, it is expected to rally only 5.50% to $104.12 in the next 12 months on average.
2026 Robinhood stock price chart
Indeed, after starting the year trading at $115.21, Robinhood stock entered a downtrend that led it more than 43% lower to roughly $65 by late March. HOOD shares’ performance since has not been entirely decisive, as it featured multiple rapid rallies, followed by steep corrections.
Thus, despite the equity rising almost 40% in the last two months and 19.67% since the June 5 lows, Robinhood remains 8% under the $108 high recorded only ten days earlier, even at its June 29 extended session press-time price of $100.35.
Featured image via Shutterstock
