Mizuho lifts price target for Robinhood to $80

Shortly before noon ET, Robinhood Markets is on track for its biggest decline over the last month — roughly 4% — amid a downturn in crypto prices. (The company’s shares are highly correlated with bitcoin.)

Mizuho analysts increased their bogey for the shares to $80 from about $77, after nudging their Q2 revenue targets for the company slightly higher.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)

Their reasons include a better-than-expected monthly update on Robinhood’s financial metrics for May. Mizuho also spotlighted an upcoming crypto-related event at the end of the month as a potential catalyst for the shares.

“We expect the event to feature major announcements regarding digital assets and their integration with traditional finance, and for discussion to have a particularly big focus on tokenizing real-world assets,” they wrote.

Robinhood shares have already doubled in 2025, pushing the company’s valuation to pretty high 55x multiple of expected earnings over the next 12 months. Mizuho, for its part, writes that the stock “deserves a premium to other fintechs given that [1] HOOD has proven its ability to grow rapidly and [2] it can tap into a $600bn TAM (currently <1%).”