According to Huoxing Finance, on September 4, according to BIT (Bit.com) market data, Robinhood’s stock closed up 16.57% on Thursday at $124.72, with its market capitalization rising to $112.13 billion. Recently, Scotiabank upgraded its rating; Piper Sandler expects Robinhood’s prediction market revenue to surge with the start of the upcoming football season, raising its EPS forecasts for 2026 and 2027 by 5% and 7% respectively, and increasing its target price from $135 to $145. Previously, on September 2, Morgan Stanley upgraded Robinhood (HOOD) from “Equal Weight” to “Overweight” and raised its target price from $124 to $150.
Robinhood rises 16.57% as multiple banks upgrade ratings
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Summary
Robinhood's stock rose 16.57% on Thursday, closing at $124.72 with a market cap of $112.13 billion. Scotiabank upgraded its rating, while Piper Sandler increased its 2026 and 2027 EPS forecasts by 5% and 7%, respectively, setting a $145 price target. Morgan Stanley upgraded its rating to 'Overweight' and raised its target to $150. The Fear & Greed Index reflects growing investor confidence, with altcoins under watch gaining attention amid broader market optimism.
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