JPMorgan (JPM) set its target of 2026 for the Robinhood negotiation platform (HOOD) at $ 98, against $ 47 in 2025, citing new product launches and the European Bitstamp Crypto Bittamp.
Robinhood reports the second quarter on Wednesday. JPMORGAN, which maintains a neutral note on the action, said it expects the company to display a profit per share of 31 cents, against 21 cents during the annual period and in accordance with estimates by facts and income based on transactions reaching $ 515 million.
Crypto negotiation revenues should double to $ 169.3 million, compared to $ 81 million the previous year, according to Factst Estimates. However, it is strongly below the figure in the first quarter of 247 million dollars, a sign of the sensitivity of the platform to volatility and the exchange of volumes on the digital asset markets.
The shares of the company of Menlo Park, California, increased by 170% this year. They were recently less than 0.7% at $ 105.95.
The company’s movements in crypto and tokenized funding will increase the effect of operational lever and create in the long term, said JPMorgan. This includes the acquisition of $ 200 million in Crypto Exchange Bitstamp, which ended in June, and a series of deployments of recent products.
The main one is the entry of Robinhood into trading in tokenized to the European Union, which began this month within the framework of the regulatory framework of the block. Compass point notes that users can now exchange more than 200 actions and FNB tokenized almost 24 hours a day. A full 24/7 access is expected once the Bitstamp command book is integrated.
Robinhood invoices 0.1% costs on a dollar conversions in the courts where payment of the order flow is prohibited. The company plans to offer tokenized access to private companies such as Openai and SpaceX, giving users of the EU an exposure to traditionally prohibited investments and allowing future cases of use of decentralized finances (DEFI).
Although this source of income is still at the start of the stage, Compass Point says that American regulators show signs of warming the concept. The Securities and Exchange Commission recently granted a broker license to Dinari, a startup focused on the tokenized actions, referring to that similar platforms – including Robinhood – can earn a national traction.
Although Robinhood’s revenues can show a certain growth, Wall Street seems that Sto is starting to bet bigger on its future.
