StoneX forecasts Robinhood Chain to generate $980 million in revenue by 2029, with a $170 HOOD target price.

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StoneX released a price target of $170 for HOOD with a 'Buy' rating, indicating a 45% upside from its September 2 closing price. The firm forecasts that Robinhood Chain could generate $980 million in revenue by 2029, with an 85% profit margin. Daily fees reached $4.59 million as of September 3. Q2 market event contracts are projected to reach $13.6 billion, driving $15.6 million in revenue—a 50% increase from the prior quarter. The price movement reflects strong operational growth.

Odaily Planet Daily reports that StoneX Financial has initiated coverage on Robinhood with a "Buy" rating and a $170 price target, representing approximately a 45% upside from Tuesday's closing price of $117.34.

StoneX stated that Robinhood Chain's daily fees reached approximately $45.9 million as of September 3 and are projected to generate $980 million in revenue by fiscal year 2029, with an 85% profit margin. Additionally, Robinhood forecasted that the market traded 13.6 billion event contracts in the second quarter, generating approximately $156 million in revenue, a 50% increase quarter-over-quarter. (The Block)

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