JPMorgan Chase doubles Robinhood's target price, optimistic about its crypto assets and tokenization layout

JPMorgan Chase significantly raised its 2026 price target for Robinhood to $98 from $47 in 2025, citing the company's upcoming product launches and acquisition of European crypto exchange Bitstamp. Robinhood is set to report second-quarter results on Wednesday. JPMorgan Chase maintained its neutral rating on Robinhood and said it expects earnings per share of 31 cents, up from 21 cents a year earlier, in line with FactSet estimates, and trading revenue of $515 million.