Mizuho Raises Price Target on Robinhood Markets from $99 to $120, Maintains Outperform Rating

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the top stocks Grok recommended. On August 1, Mizuho raised the price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $99 to $120, maintaining its Outperform rating on the stock.

Mizuho analyst Dan Dolev increased the price target of HOOD following record Q2 2025 results. The company posted revenue of around $989 million, up by 45% year-over-year and exceeding estimates by $75.67 million. The sales were driven by robust business growth and higher trading volumes. Robinhood achieved a record number of net deposits, making it the third highest quarter ever, with more than $10 billion in net deposits for the sixth consecutive quarter. Moreover, the Bitstamp acquisition will now expand Robinhood’s institutional business, contributing to its global financial network.

Mizuho Raises Price Target on Robinhood Markets from $99 to $120, Maintains Outperform Rating

An overhead aerial shot of a bustling financial trading floor, focused on the buying and selling of stocks.

Dolev sees this big quarter and accelerating year-over-year growth to be great news for the company. The analyst sees Robinhood’s focus on asset tokenization and expanding into lending as “particularly interesting.”

While we acknowledge the potential of HOOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.