JPMorgan Adjusts Price Target on Robinhood Markets to $115 From $103

Robinhood reported $4.47B in 2025 revenue, up 52% YoY, with Q2 2026 revenue at $1.31B. Transaction-based revenue led at $776M, while net income rose 48% to $573M. Cryptocurrency revenue fell 38% to $100M, according to the company.

The SEC approved Cboe Global Markets' proposal for binary options tied to KPIs of 23 companies, including Coinbase, Robinhood, and MARA. These cash-settled contracts allow investors to bet on specific financial or operating results. Robinhood may offer these products, with trading conditional on further regulatory approvals. The options settle based on SEC filings and have a fixed $1 payout if conditions are met.

Robinhood (HOOD) fell 8.54% on October 14, 2026, to $101.08 after Wolfe Research downgraded it and inflation data raised Fed tightening concerns. Wolfe cited reflected bullish drivers in the share price, while Wells Fargo cut its target to $120. Robinhood's P/E ratio dropped 18% in 2026, despite a rise in normalized EPS estimates. The company's growth strategy includes integrating spending and investing through its Gold Card. Q3 results are due October 27.

The SEC approved Cboe Global Markets' plan to list binary options tied to key metrics of Coinbase, Robinhood, and Marathon Digital. Traders can bet on figures like Coinbase's trading volume, Robinhood's customer count, and Marathon's bitcoin production. Cboe plans to list the contracts this month, with Robinhood expected to offer them to retail investors. The contracts are cash-settled and will settle on figures in companies' SEC filings.

The SEC approved binary options tied to KPIs of 23 U.S. companies, including Coinbase (COIN), Robinhood (HOOD), and MARA Holdings (MARA). These options allow traders to bet on metrics like trading volume, customer count, and bitcoin production. Cboe plans to list the contracts this month, with Robinhood expected to offer them to retail investors.

Cboe Global Markets will extend options trading hours for 24 stocks and 5 ETFs, including AAPL, MSFT, and SPY, from 7:30 a.m. to 9:25 a.m. and 4:00 p.m. to 4:15 p.m. ET, starting Monday. The SEC approved the expansion, which aims to provide more trading flexibility and manage risk. Brokers like Robinhood and TradeStation will offer trading during these sessions.