Robinhood Sheds Its Meme Stock Skin, Emerges As Full-Fledged Fintech Player

Several analysts have weighed in on the stock with updated price forecasts. JP Morgan’s Kenneth B. Worthington reiterated a Neutral rating while raising his price forecast from $98 to $104.

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Needham’s John Todaro maintained a Buy rating and significantly lifted his price forecast from $71 to $120. Meanwhile, Cantor’s Brett Knoblauch reaffirmed an Overweight rating and increased his price forecast from $100 to $118.

JP Morgan’s Take

Worthington noted that while Robinhood delivered strong top-line results and kept operating expenses disciplined at $550 million in second quarter of 2025, the quarter also reflected the platform’s growing maturity, with multiple products and business lines performing well.

The analyst highlighted Robinhood’s progress in moving beyond its earlier dependence on meme-stock trading and acknowledged management’s solid execution, but pointed out that the platform still lags larger rivals in product breadth and scale.

Additionally, he expressed caution regarding the long-term profitability of Robinhood’s smaller-sized accounts. The analyst raised the fiscal year 2025 adjusted earnings per share forecast from $1.31 to $1.53.

Cantor’s Perspective

Knoblauch highlighted that the firm’s third quarter is off to a strong start, with July net deposits surpassing $6 billion and equity and options volumes expected to hit record highs amid renewed interest in meme stocks.

The analyst noted that continued product innovation is driving user growth and expanding Robinhood’s share of customer wallets, a trend expected to strengthen with the upcoming launch of Robinhood Banking in the fall.