Robinhood Gains Analyst Upgrade as Robinhood Chain Fees Surge, Deutsche Bank Raises Price Target to $136

Robinhood Markets could see more upside, particularly as one of its latest cryptocurrency ventures takes off, according to Deutsche Bank. The bank maintains a buy rating on Robinhood and raised its price target to $136 from $115, implying roughly a 9% upside from Thursday’s close. Analyst Brian Bedell noted the boost reflects higher earnings‑per‑share estimates and the recent acceleration in Robinhood Chain fee revenue. Launched earlier this year, Robinhood Chain is a blockchain that supports crypto buying and selling, with Robinhood earning fees from trades on the network. Deutsche Bank data shows daily chain revenue jumped from about $200,000 in mid‑August to nearly $5 million in early September, totaling $10.8 million over a five‑day span—well above the bank’s prior third‑quarter estimate of $4.6 million. The bank’s call aligns with street consensus, with 24 of 29 analysts rating Robinhood a buy or strong buy. Shares are up 41% over the past three months and have risen 20% this week as traders react positively to the company’s prediction‑market efforts.

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