Argus Research analyst Stephen Biggar has maintained a Buy rating on Robinhood Markets and raised the price target to $110 from $90. This adjustment reflects a positive outlook for the financial services company as it continues to position itself as a full financial services hub. The new target underscores confidence in the company's growth trajectory and market performance.

Rating and Target Details

The analyst's decision to upgrade the price target highlights a strong sentiment regarding Robinhood's market position. The new target of $110 represents a notable increase from the previous estimate of $90.

Market Context

Robinhood Markets continues to expand its offerings and strengthen its platform. The company's focus on enhancing user experience and broadening its financial services suite contributes to its competitive edge in the market.

Robinhood Markets faces potential regulatory headwinds for its fastest-growing revenue stream as the Commodity Futures Trading Commission (CFTC) introduces its first rulebook for prediction markets. The CFTC's June 10 proposal establishes a contract-by-contract "public interest" review to determine which event contracts are permissible. This regulatory scrutiny comes as Bernstein estimates the segment could generate $586 million in 2026 revenue, a significant increase from $150 million, potentially accounting for 17% of transaction-based revenue.

The proposed framework has drawn criticism from industry veterans who argue it misunderstands market economics. Aaron Brown, a former risk manager and research head at AQR Capital Management, contends that the CFTC's focus on whether traders understand the event is flawed. He argues that market prices are set by the most informed participants, and that uninformed trading provides the liquidity necessary to attract knowledgeable capital. Brown suggests that banning contracts merely moves trading to unmonitored platforms, whereas public exchanges provide the audit trails necessary to detect insider trading, such as the recent cases involving a soldier betting on a political raid and a Google engineer misusing proprietary data.

Revenue Growth and Market Activity

Robinhood's prediction market business has experienced rapid expansion, with more than 16 billion event contracts traded on its app this year compared to 12 billion in all of 2025. Chief Executive Officer Vlad Tenev has identified the category as the company's fastest-growing business by revenue. The World Cup has been a primary driver of this volume, leading Robinhood to route some action to Rothera, a CFTC-licensed exchange in which it and Susquehanna invested through a joint venture last year.

Global Regulatory Pressure

The regulatory challenges are not confined to the United States. International jurisdictions, including Spain, India, Indonesia, and Brazil, have recently moved to block or shut down prediction platforms. This global crackdown creates a squeeze on the asset class abroad even as domestic demand surges. The June 10 CFTC proposal remains a draft, open to 45 days of public comment, meaning the final rules and their impact on Robinhood's growth trajectory will likely remain unresolved through the World Cup.