Sep. 11 at 3:45 PM
$HOOD 🚨 BREAKING: CITIZENS JMP INCREASES PRICE TARGET TO
$165 FROM
$155 - MARKET OUTPERFORM
The firm increased its 2027 estimates to reflect an initial contribution from Robinhood Chain of approximately
$1M per day of net revenue to Robinhood, or roughly
$365M for the year
Citizens noted Chain revenue will remain volatile and is not carrying the recent surge in activity forward. However, activity has become significant enough that Robinhood Chain now warrants an explicit contribution in its 2027 estimates.
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