Goldman Sachs Reiterates Buy on Robinhood with $124 Target as HOOD Surges 8%

Robinhood Markets shares climbed roughly 8% on August 25, resuming a rally that began late the prior week, after Goldman Sachs analyst James Yaro reiterated a buy rating on the stock and set a price target of $124. Yaro also maintained a buy on Coinbase, raising that price target to $196 from $173. Goldman's cautiously optimistic view on the crypto market for the second half of 2026 underpinned both calls, even as the bank acknowledged weaker trading volumes across the sector.

Adding to the day's momentum, decentralized exchange Arcus, built by the team behind dYdX and running on Robinhood Chain, launched leveraged ETF-style contracts that give traders 3x exposure to both Bitcoin and HOOD stock. The product uses pTokens, which convert managed perpetuals accounts into transferable ERC-20 assets, broadening the ways traders can access amplified Robinhood exposure on-chain. Separately, prediction markets focused on HOOD have drawn Wall Street attention, with analysts citing a potential $1 trillion addressable market opportunity in that segment.