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.

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

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