Robinhood CEO promises new developments in crypto market, stock price targets upgraded

From Yahoo Finance: 2025-06-18 22:03:00

Robinhood CEO Vlad Tenev gears up for the “To Catch a Token” crypto event in France on June 30, promising new unveilings and a “bold new chapter” for crypto. Despite a slight dip in Q1 crypto revenue to $252 million, it still accounted for 43% of Robinhood’s total transaction revenue.

The event marks Robinhood’s first international and crypto-focused event, emphasizing the company’s significant reliance on crypto revenue. Tenev highlights the importance of market share growth, even as industry volumes fluctuate. Robinhood recently acquired the global crypto exchange Bitstamp and saw its shares double this year.

Tenev and other CEOs attended a White House roundtable discussing Trump’s proposed initiatives. Robinhood is introducing new features for mobile trading, including advanced charting capabilities. The company took a hit after being snubbed for the S&P 500 index, despite strong revenue growth and user base expansion.

Mizuho raised Robinhood’s price target to $80, anticipating major announcements at the “To Catch a Token” event. Goldman Sachs also raised its price target to $82, citing strong trading volumes and platform asset growth. Analysts anticipate a premium valuation for Robinhood due to its rapid growth and market potential.

Read more: Robinhood analysts reboot stock price targets after May metrics