TechFlow, July 29 — According to CoinDesk, JPMorgan Chase raised its 2026 price target for Robinhood to $98, doubling its previous forecast. The investment bank expressed optimism about Robinhood's strategic moves in crypto assets and tokenized finance, including its $200 million acquisition of the Bitstamp exchange and plans to launch tokenized stock trading under the EU's MiCA framework. JPMorgan expects Robinhood's Q2 earnings to reach $0.31 per share with $515 million in transaction revenue, but maintains a "neutral" rating on the stock.
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