Piper Sandler raised its price target for Robinhood Markets (HOOD) to $145 from $135. The firm maintained an Overweight rating, citing the growth potential of the company’s prediction markets.
Upcoming NFL and NCAA football seasons are expected to significantly increase user engagement. Piper Sandler projects $320 million in revenue from these markets during the final four months of 2026.
The investment bank subsequently raised its earnings per share estimates for 2026 and 2027.