On July 2, Robinhood rose 4.04% in regular trading, trading at $114.23/share, with turnover of $247 million. The rally was driven by Mizuho raising its price target from $115 to $130 while maintaining an Outperform rating, marking the latest in a series of analyst upgrades.

The target price increase follows Goldman Sachs lifting its target to $121 on July 1 and Deutsche Bank raising to $113 on June 30. The consensus mean target now stands at $106.91. Simultaneously, Robinhood announced the launch of commodities, ETF, and forex perpetual futures on its European platform, expanded plans to offer crypto services in the UK, and secured BitGo as institutional wallet and custody provider for Robinhood Chain's mainnet launch. Ark Invest also recently purchased $1.6 million in Robinhood shares, reinforcing institutional confidence.

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