Piper Sandler Raises Robinhood Price Target to $145 Citing NFL Season Revenue Boost
Analysts expect prediction market revenue from the football season to increase Robinhood's 2026 and 2027 earnings per share estimates. The price target was lifted to $145 with a recommendation of overweight.
Piper Sandler analyst Patrick Moley forecast significant growth for Robinhood during the upcoming NFL and NCAA football season. He expects the launch of football contracts on Rothera, a prediction market joint venture between Robinhood and Susquehanna, to drive revenue in 2026 and 2027. The exchange has received regulatory approval from the Commodity Futures Trading Commission to offer these specific financial derivatives. Moley noted that previous volume spikes during the World Cup suggest similar explosive growth is imminent for American sports betting markets. His analysis indicates a substantial increase of 5% for 2026 and 7% for 2027 in earnings per share estimates. Consequently, the analyst adjusted his stock price target from $135 to $145, representing approximately 35% potential growth from the recent closing price. He maintained an overweight rating on the company.
