HOOD Stock Clocks Best Month In 2026: Growth Story Intact Despite Crypto Weakness, Says Analyst

Morningstar flagged Robinhood’s momentum in net deposit growth and expressed optimism about its credit card program and prediction market joint venture, supporting its long-term bullish stance.

• The analyst forecast 10-year compound annual growth rates of 13% for revenue, 14.2% for operating profit, and 17.3% for diluted earnings per share for the company.
• While Morningstar said that Robinhood shares remain expensive relative to its fair value estimate, it reiterated that the company’s long-term growth narrative remains intact.
• Last week, Mizuho raised the price target on Robinhood to $115 from $110 and maintained an ‘Outperform’ rating on the shares, indicating nearly 22% upside from its previous close.

Robinhood Markets Inc. (HOOD) posted its best month in 2026 in May, climbing more than 29% despite missing revenue expectations in its latest quarter due to weaker cryptocurrency trading activity.

However, Morningstar believes that the company’s long-term narrative is intact amid its efforts to diversify beyond cryptocurrency transaction revenue. The report comes shortly after the financial platform garnered a series of price target hikes from Wall Street analysts last week, following the launch of its AI-powered agentic trading system.