PANews
PANews|Sep 09, 2026 02:40
[StoneX Gives Robinhood a 'Buy' Rating with a Target Price of $170, Indicating 45% Upside Potential] According to The Block, StoneX senior analyst Mark Palmer has given Robinhood a 'Buy' rating with a target price of $170, representing approximately 45% upside potential compared to Tuesday's closing price of $117.34. Palmer noted that Robinhood Chain launched its mainnet on July 1, with single-day gas fee revenue reaching $4.59 million on September 3. It is estimated to generate $980 million in revenue with an 85% profit margin by fiscal year 2029. Additionally, revenue from the market-making business in Q2 is projected to be approximately $156 million, a quarter-over-quarter increase of 50%.
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