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Mizuho (NYSE:MFG) raised its price target on Robinhood Markets (NASDAQ:HOOD) to $80.00 from $65.00 on Tuesday, while maintaining an Outperform rating on the stock. The stock currently trades at $76.75, near its 52-week high of $77.80, after delivering an impressive year-to-date return of 106%.
The price target increase follows what Mizuho described as "solid May results" for the financial services platform, with better-than-expected monthly metrics driving the firm’s second-quarter 2025 revenue and adjusted EBITDA estimates higher. The company’s strong performance is reflected in its 59.7% revenue growth over the last twelve months. According to InvestingPro, Robinhood currently trades at a P/E ratio of 42.6, suggesting investors are pricing in continued growth expectations.
Mizuho identified Robinhood’s upcoming "To Catch a Token" event scheduled for June 30 as a potential catalyst for the stock, expecting major announcements regarding digital assets and their integration with traditional finance, with particular focus on tokenizing real-world assets.
The investment firm stated that Robinhood deserves a premium valuation compared to other fintech companies, citing the company’s demonstrated ability to grow rapidly as a key factor in its assessment.
Mizuho also highlighted Robinhood’s potential to tap into what it estimates as a $600 billion total addressable market, noting that the company currently captures less than 1% of this opportunity with its new products and geographical expansion.
In other recent news, Robinhood Markets reported a significant 89% year-over-year growth in platform assets, reaching $255 billion in May 2025. The company also noted a modest increase in funded customers, totaling approximately 25.9 million, alongside a substantial 44% annual growth in net deposits, which amounted to $59.1 billion over the past year. Trading volumes saw notable increases, with equity notional trading volumes rising to $180.5 billion, options contracts traded reaching 179.8 million, and crypto trading volumes growing to $11.7 billion. Additionally, Robinhood completed its acquisition of Bitstamp, adding around 500,000 funded customers, marking its first foray into serving institutional crypto clients.
Meanwhile, Redburn-Atlantic analysts downgraded Robinhood’s stock rating from Neutral to Sell, citing concerns about the sustainability of recent gains and challenges in the business model. Despite this, Piper Sandler maintained an Overweight rating with a $70 price target, emphasizing Robinhood’s strong position in the cryptocurrency market following the Bitstamp acquisition. Piper Sandler noted Robinhood’s diversified business model and potential for scaling up cryptocurrency operations as strengths. The analysts also highlighted the company’s robust customer base and comprehensive crypto offerings as key advantages in the competitive market.
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