Robinhood price target raised to $21 from $17 at JPMorgan

JPMorgan analyst Kenneth Worthington raised the firm’s price target on Robinhood to $21 from $17 and keeps an Underweight rating on the shares. The firm marked its model ahead of the Q3 earnings report and established a December 2025 price target After early August volatility that drove August volumes and deposits, September seemed to be a slower month, the analyst tells investors in a research note. JPMorgan thinks positive markets supporting the asset base will help offset declines in rates for Robinhood’s net interest income revenue lines.