Deutsche Bank raises Robinhood price target to $138, projects over 2 million prediction market users

Deutsche Bank raised its price target for Robinhood from $136 to $138 in a report dated September 14, 2026, maintaining a buy rating. The bank highlighted August operating metrics, including $335 billion in equity trading volume and $4 billion in net deposits. It projects that Robinhood's prediction market will exceed 2 million users and that Robinhood Chain could generate $100 million in annualized revenue by the fourth quarter. Earnings per share forecasts for 2026 and 2027 were also revised upward, as the bank views Robinhood's transition into a global financial services ecosystem, driven by prediction markets, tokenization, and international expansion, as a key growth opportunity.