Robinhood Markets Shares - Argus lifts price target after job cuts and volume surge

Edited by ad hoc news Chart & Technicals Desk. Verified prior to publication on 06/18/2026, 14:11 UTC. Details in the imprint.

Robinhood Markets (US7707031024) is attracting renewed analyst attention this week. Argus raised its price target on the stock to $110 from $90 while keeping a Buy rating, according to a note published before Thursday’s open and cited by Investing.com.

Argus and recent analyst actions

According to a report from Investing.com, Robinhood Markets shares jumped about 7.6% in Thursday morning trading after Argus lifted its price target to $110 and reiterated a Buy rating, highlighting improving fundamentals and operating trends. The Investing.com article cites robust user engagement and rising trading activity as key drivers.

The same report notes that Needham recently raised its price target on Robinhood to $97. Needham pointed to strong May 2026 operating metrics, including resilient equities and event-contract volumes, as a basis for its more constructive view.

Chart levels and recent moves

In Wednesday’s session, Robinhood Markets shares reportedly closed around $105.20, up 8.78%, with trading volume near 69.9 million shares, according to a market summary reproduced by The Globe and Mail. The summary attributed the strong move to company-specific news.

That sharp gain came after Robinhood announced a 10% reduction in its workforce alongside record June trading volumes, which together suggested management’s focus on efficiency while trading activity remains robust. Against this backdrop, the stock is trading significantly above levels seen earlier in 2026.

What the company sells

Robinhood Markets generates most of its revenue from its commission-free trading platform, which offers stocks, ETFs, options and cryptocurrencies to retail investors in the United States. It also earns income from margin lending, securities lending, and payment for order flow arrangements.

Where the stock trades today

The shares of Robinhood Markets (US7707031024) trade on the Nasdaq at $105.20 as of 06/17/2026, 21:59 ET.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.