Key Stats for Robinhood Stock
- Current Price: $93.29
- Target Price (Mid): ~$257
- Street Target: ~$120
- Potential Total Return: ~176%
- Annualized IRR: ~26% / year
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What Happened?
Robinhood Markets (HOOD) is doing something on August 13 that no trading app is supposed to do: taking a portfolio of roughly 80 private, early-stage companies public so retail investors can own a slice. Robinhood Ventures Fund II is expected to list on the NYSE under the ticker RVII at $25 per share, with the request window closing on August 12. It is the company’s second such fund, and it arrives while the stock trades near $93.
The market is still pricing Robinhood as a cyclical bet on retail trading, yet the business keeps adding durable, fee-based lines that barely move with monthly crypto volumes.
The Business That No Longer Matches Its Reputation
On the Q2 call, CFO Shiv Verma said Robinhood is “nearly $400 billion today” in platform assets while larger competitors hold “tens of trillions,” then laid out a plan to 10x the business over the next decade across retirement, banking, crypto, international, and B2B. Assets, he argued, are the best predictor of future financial performance, and they compound as customers trust the platform with more money.
Robinhood closed the second quarter of 2026, reported July 29, with record revenue of $1.31 billion, up 32% year over year. CEO Vlad Tenev said the company now runs 13 businesses that each clear $100 million in annualized revenue, adding Robinhood Legend and the credit card in the quarter. Banking crossed $3 billion in deposits since launching last November, the Gold Card is driving over $17 billion in annualized purchase volume, and Gold subscribers hit a record 4.8 million. Each line earns fees whether or not trading is hot, and prediction markets have become a core transaction driver alongside options and equities.
RVII extends that logic into private markets. Tenev has said he wants Robinhood investors to have exposure “across the entire life cycle, including early stage,” and the fund is the vehicle. It is structured as a business development company holding around 80 early-stage names, many tied to the Y Combinator accelerator. The listing is not yet complete: the registration statement is not effective, the August 13 date is expected rather than final, and as a closed-end fund, RVII can trade at a discount to its net asset value with no right of redemption. It is also a strategic signal more than a needle-mover, since Robinhood earns advisory fees rather than fund upside.
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Why the Market Still Won’t Pay Up
Crypto revenue shrank sharply in Q2, so bears argue the growth engine is still tied to sentiment. And the stock is not cheap: it trades near 34 times next-twelve-month earnings, a demanding P/E ratio for a brokerage, and above steadier peer Interactive Brokers near 30 times. Even after a record quarter, shares slipped 3.61% on July 29, a regular session that closed before the results went out after the bell, with coverage tying the dip to crypto weakness heading into the report. Several banks then trimmed targets: Goldman Sachs cut to $118 from $137 and Needham to $120 from $123, both keeping Buy ratings, while Bank of America raised its target to $140.
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TIKR Advanced Model Analysis
- Current Price: $93.29
- Target Price (Mid): ~$257
- Potential Total Return: ~176%
- Annualized IRR: ~26% / year
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Two drivers carry the revenue line: prediction markets and event contracts scaling through Rothera, Robinhood’s designated contract market that became a top-three venue within a month of launch, and the maturing fee businesses in banking, cards, and Gold. The model assumes revenue compounds at around 15% annually, far below the 49% pace of the last three years, so it is not betting on a repeat of the boom. The margin driver is operating leverage: management cut roughly 10% of staff in June and lowered its full-year expense guide even while absorbing two new businesses, which is how the model reaches a net margin near 41%.
The primary risk is concentration in trading-linked revenue: if the newer fee lines stall, one soft trading quarter can still set the tone for the whole print. The upside is deposits and assets compounding at 20%-plus while banking, cards, and prediction markets mature into steady fee streams that earn a platform multiple. The downside is that those lines stay too small to matter, leaving Robinhood valued as the trading app the market already thinks it is.
Conclusion
The line to watch is net deposits, the metric management named as its clearest measure of progress. Deposits were a record $22 billion in Q2 at a 28% annualized rate, and Robinhood flagged July tracking toward roughly $4 billion before Trump Account inflows. Sustained 20%-plus deposit growth is what feeds platform assets, and assets are what turn into fees. Good looks like that rate holding through the September quarter, expected in early November, with prediction markets growing sequentially. Bad looks like deposits slipping below 20% while crypto weakness defines another print. RVII’s debut on August 13 offers a near-term read on appetite, but the November quarter is where the thesis gets tested.
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Should You Invest in Robinhood?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up Robinhood, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
