On September 8, Robinhood rose 3.14% in pre-market trading, trading at $126.24/share, with turnover of $45.72 million, extending its recent rally after surging 17% the prior week.

On the news front, multiple Wall Street firms raised their price targets on the stock. Goldman Sachs lifted its target from $124 to $142 while maintaining a Buy rating, and Jefferies raised its target from $127 to $140. These upgrades follow Morgan Stanley's earlier double-upgrade to Overweight with a $150 target, citing the prediction markets business as validation of Robinhood's revenue expansion potential. Piper Sandler also raised its target to $145, projecting approximately $320 million in event contract revenue through year-end.

The bullish sentiment is underpinned by several structural catalysts: Robinhood's prediction markets subsidiary Rothera received CFTC approval for football contracts ahead of the NFL season, Q2 prediction market revenue reached $156 million surpassing crypto trading, Robinhood Gold subscribers hit a record 4.8 million, and Robinhood Chain's TVL surpassed $1 billion within two months of launch. The consensus average price target now stands at $130.80 with an overweight rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)