Wall Street is warming up to the idea that Robinhood is no longer just a retail brokerage that survived the meme stock era. Barclays raised its price target on Robinhood Markets from $82 to $122 on July 9, 2026, a jump of roughly 49%, while keeping an Overweight rating. One day later, Morgan Stanley followed with its own revision, lifting its target from $95 to $124 and reaffirming a positive stance on the stock.
Both upgrades landed within 48 hours of Robinhood Chain posting a record $563.9 million in daily decentralized exchange volume on July 8, 2026. The surge was driven largely by memecoin trading, particularly a token called Cash Cat.
From payment for order flow to perpetual futures
Robinhood built its early reputation on commission-free stock trading, a model that disrupted the brokerage industry and forced competitors to follow.
Now the company is pivoting toward crypto infrastructure rather than just crypto trading. Robinhood Chain is the company’s own Layer 2 blockchain, and its mainnet launch came bundled with a suite of products including stock tokens, perpetual futures contracts, and staking options.
