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.
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.”
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This article is originally published at Insider Monkey.
