Deutsche Bank: Robinhood Target Price $138, Forecasts Market Users to Exceed 2 Million

TechFlow reports, according to Chaowang Research, Deutsche Bank's research report dated September 14, 2026, notes that it has raised its price target for Robinhood from $136 to $138, maintaining a Buy rating. With the current price at $112.57, this implies an upside potential of approximately 22.6%. August operating metrics largely met expectations, featuring stock trading volume of $335 billion, net deposits of $4 billion, and margin loan balances of $21.5 billion. Prediction market users exceed 2 million, and Robinhood Chain is expected to become a business generating $100 million in annualized revenue by the fourth quarter. Deutsche Bank raised its Q3 2026 EPS estimate from $0.57 to $0.58, full-year 2026 EPS from $2.32 to $2.33, and 2027 EPS from $3.48 to $3.53.

Deutsche Bank believes that Robinhood is transitioning from a trading platform into a global financial services ecosystem, with prediction markets, tokenization, and international expansion representing the most significant long-term growth opportunities.