JPMorgan Chase doubles Robinhood's target price, optimistic about its crypto assets and tokenization layout | PANews

JPMorgan Chase doubles Robinhood's target price, optimistic about its crypto assets and tokenization layout

PANews reported on July 29th that, according to CoinDesk, JPMorgan Chase significantly raised its 2026 target price for Robinhood from $47 in 2025 to $98, citing the company's upcoming new product launches and acquisition of European crypto exchange Bitstamp. Robinhood will report its second-quarter results on Wednesday. JPMorgan Chase maintained its neutral rating on Robinhood and said it expects earnings per share of 31 cents, up from 21 cents a year earlier, in line with FactSet estimates, and trading revenue of $515 million. JPMorgan Chase stated that its initiatives in cryptocurrency and tokenized finance will increase operating leverage and create long-term profitability. These include the $200 million acquisition of crypto exchange Bitstamp and a series of recent product launches, most notably Robinhood's entry into tokenized stock trading under the EU's MiCA regulatory framework this month.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together

PANews WeChat Group

Telegram Discussion Group

Telegram News Channel

Recommended Reading

PA一线

9 hours ago

Binance Research: Approximately 11% of illicit cryptocurrency transactions were detected in 2025, a detection rate 55 times higher than that of fiat currency transactions.

PA一线

14 hours ago

The Moscow Exchange is exploring the launch of cryptocurrency spot trading, with a 24/7 trading model.

PA一线

15 hours ago

Several members of the U.S. House of Representatives wrote to Trump, urging him to appoint the complete list of CFTC commissioners.

Felix

05/15/2026, 06:18 AM

CLARITY法案冲破僵局获参议院委员会审议通过，两党分歧与最终考验仍悬而未决

PA一线

05/15/2026, 01:55 AM

Sei joins Mastercard's Crypto Partner Program

PA一线

05/15/2026, 01:41 AM

Moscow Exchange Considers Launching 24/7 Cryptocurrency Trading

Related Topics

Pioneer's View: Interviews with Crypto Celebrities

Exclusive interviews with crypto celebrities, sharing unique observations and insights.

151 articles

Memecoin Supercycle: The Hype Frenzy Triggered by Attention Tokenization

From a humorous phenomenon to a multi-billion dollar industry, Memecoin has become an integral part of the crypto market. In this Memecoin supercycle, how can we seize the opportunities?

34 articles

Focus on Chinese regulation

From the "94 Ban" to the digital RMB pilot, we systematically sort out the context of China's blockchain regulatory policies.

50 articles

Brother Maji deposited 250,000 USDC into Hyperliquid to increase his 25x leveraged Ethereum long position.

PANews Newsflash11 minutes ago