Robinhood Markets stock gains on $122 and Q2 growth

Robinhood Markets (US7707031024) stock traded at $122.00 on September 6, 2026, with a market capitalization of $109.79 billion and volume of 23.73 million shares. The company reported second-quarter 2026 revenue of $1.31 billion, net income of $573 million and diluted EPS of $0.62, according to SEC filing data.

Trading stays elevated

The latest price snapshot showed a session range of $118.30 to $124.60, putting the stock 3.1 percent above the low and 2.1 percent below the high on September 6, 2026. That range matters because the shares are already priced against a market cap above $109 billion.

MarketBeat said the quarterly figures topped expectations, with EPS of $0.62 against consensus of $0.44 and revenue of $1.31 billion versus estimates of $1.29 billion. Revenue also rose 32.5 percent from the same quarter a year earlier, which gives the valuation debate a fresh earnings anchor.

Analysts lift targets

GuruFocus reported on September 5, 2026 that Morgan Stanley upgraded Robinhood Markets to Overweight and raised its price target to $150 from $124. That is a 21.0 percent increase, and it puts the stock's latest quote of $122.00 below the new target but above the old one.

The same coverage points to product breadth as the reason for the call, with newer offerings such as retirement accounts and high-yield cash products broadening the revenue base beyond pure trading activity.

Event contracts now matter

Robinhood's second-quarter 2026 transaction-based revenue reached $776 million, including $156 million from event contracts, $342 million from options and $129 million from equities. Crypto revenue was $100 million, which shows that the mix still shifts away from pure speculation and toward broader platform usage.

Net margin came in at 42.01 percent and return on equity at 22.43 percent in the same quarter, while analysts now expect full-year EPS of 2.09. For investors, the gap between $122.00 and the new $150 target is only one part of the story; the larger question is whether the company can keep that 32.5 percent revenue growth intact.

Robinhood stock and products

The core Robinhood Markets product remains its mobile and web platform for stocks, options, ETFs, crypto and cash management. The recent revenue mix shows why the product set matters: transaction-based revenue accounted for $776 million in the second quarter of 2026, making the platform a larger story than one trading day.

Price and market cap

Robinhood Markets stock was priced at $122.00 on September 6, 2026, with a market capitalization of $109.79 billion. The stock traded between $118.30 and $124.60 in the same session, and that range frames the current valuation debate more clearly than a single headline move.