Robinhood

2026

when

Argus (www.argusnetwork.co)

Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, <a href="https://www.thestreet.com/crypto/markets/robinhood-surging-on-june-10" rel="noopener noreferrer nofollow">Robinhood Markets</a> (Nasdaq: HOOD) is a brokerage platform that has become popular with its stock, cryptocurrency, tokenized stock, and event&nbsp;prediction&nbsp;contract&nbsp;offerings.
The company made news on June 16 when it <a href="https://www.thestreet.com/crypto/markets/robinhood-stock-slides-after-layoff-announcement" rel="noopener noreferrer nofollow">disclosed</a> in the&nbsp;Securities and Exchange Commission (SEC) filing that&nbsp;it will cut roughly 10% of its full-time workforce as it pushes to run faster operations.
<a href="https://www.thestreet.com/crypto/markets/robinhood-stock-slides-after-layoff-announcement" rel="noopener noreferrer nofollow">Related: Robinhood stock slides after layoff announcement</a>
The layoff decision affects&nbsp;290 employees.
The company expects to record&nbsp;approximately&nbsp;$20 million in cash charges tied to employee severance and benefits, in addition to&nbsp;approximately&nbsp;$8 million in share-based compensation costs. It plans to recognize the accrual in the second quarter of 2026.
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<h2 id="another-analyst-raises-robinhood-price-target">Another analyst raises Robinhood price target</h2>
On June 17, Argus raised the&nbsp;Robinhood&nbsp;stock's&nbsp;price target&nbsp;from $90 to $110.&nbsp;
The latest hike comes after two analysts also raised their price targets on the stock only last week.
As reported earlier,&nbsp;Cantor Fitzgerald <a href="https://www.thestreet.com/crypto/investing/analyst-hikes-robinhood-price-target-on-new-product" rel="noopener noreferrer nofollow">raised</a>&nbsp;its price target&nbsp;from $100 to $110, and&nbsp;Needham <a href="https://www.thestreet.com/crypto/markets/another-analyst-raises-robinhood-price-target" rel="noopener noreferrer nofollow">raised</a> its price target from $85 to $97.
Argus raised Robinhood's&nbsp;price target and&nbsp;earnings per share (EPS) estimates to reflect an improving backdrop for trading while also factoring in modestly lower headcount expense growth.
The analyst highlighted that the company's shares&nbsp;have surged 35% since announcing the Q1 2026 earnings due to&nbsp;a more volatile trading environment amid the ongoing Iran conflict.
Following the latest price target hike, the Robinhood stock surged more than 14% to hit the intraday high of $110.73 on June 17. The stock was trading at $107.84&nbsp;at press time.
<a href="https://www.thestreet.com/crypto/markets/another-analyst-raises-robinhood-price-target" rel="noopener noreferrer nofollow">Related: Another analyst raises Robinhood price target</a>

Analyst hikes Robinhood price target after job cuts

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