JPMorgan Doubles Robinhood’s 2026 Price Target on Crypto Growth and Tokenization Strategy
Robinhood’s aggressive expansion into crypto and tokenized equities is driving long-term upside, prompting JPMorgan to raise its 2026 price target for the trading app to $98, up from $47 in 2025.
The boost reflects Robinhood’s recent acquisition of crypto exchange Bitstamp and its launch of tokenized stock trading in the European Union under MiCA rules. The company now offers access to over 200 tokenized equities and ETFs, with 24/7 trading expected once Bitstamp’s order book is fully integrated.
Robinhood reports Q2 earnings Wednesday, with JPMorgan forecasting EPS of $0.31, in line with FactSet consensus, and $515 million in transaction-based revenue. Crypto trading revenue is expected to double year-over-year to $169.3 million, though still below the Q1 figure of $247 million, reflecting crypto market volatility.
Shares of Robinhood (HOOD) have surged 170% year-to-date and were recently trading at $105.95, down 0.7% on the day.
JPMorgan sees Robinhood’s growing crypto footprint — including its $200 million Bitstamp deal — as a key lever for operating leverage and future monetization. The company also plans to offer tokenized exposure to private firms like SpaceX and OpenAI, expandin
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