Robinhood found a new growth engine and Wall Street is starting to price it like a financial super app (Save this).
Robinhood shares are up 15% after strong analyst upgrades and record activity on Robinhood Chain.
Morgan Stanley raised its price target to $150, while Scotiabank set a $136 target and Piper Sandler raised its target to $145.
Robinhood Chain also generated $4.45 million ranking among the highest fee blockchain networks in the world.
Those fees do not flow directly into Robinhood’s financial statements but investors view them as evidence that the company’s blockchain is attracting real activity.
Robinhood Chain launched in July 2026 and is designed to support tokenized stocks, stablecoins, decentralized finance and trading around the clock.
The company says its tokenized stock products are available in more than 120 countries, although availability depends on local regulations.
The larger opportunity is that Robinhood is expanding far beyond commission free stock trading.
The company now generates revenue from equities, options, cryptocurrency, prediction markets, interest income, subscriptions, securities lending, retirement accounts, banking, and other financial products.
In the second quarter of 2026, Robinhood reported $1.31 billion in revenue while transaction based revenue increased 44% to $776 million, while event contract revenue reached $156 million, more than 10 times higher than the previous year.
Robinhood also reached 28.4 million funded customers and $369 billion in platform assets and more customers and larger account balances give the company additional opportunities to earn trading revenue, interest income, subscription fees, and lending revenue.
Robinhood Gold is another important growth driver because subscribers pay recurring fees and tend to use more products.
The company has also been expanding into banking, managed investing, crypto derivatives, futures, and AI-powered trading tools.
The bull case is that Robinhood becomes a single financial platform where customers can trade stocks, options, crypto, prediction markets, tokenized assets, and financial products from one account.
Robinhood Chain could eventually create additional revenue through transaction fees, token issuance, lending, and decentralized finance applications.
Our Head of Research,
@KyleReidhead called Robinhood at just $35 and Milk Road subscribers have been riding the move ever since.
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