JPMorgan Chase doubles Robinhood stock's 2026 target price to $98

According to BlockBeats, on July 29th, JPMorgan Chase doubled the 2026 target price of Robinhood stock to $98, and Robinhood will announce its second quarter results on Wednesday. JPMorgan maintains a neutral rating for Robinhood and expects earnings per share to be 31 cents, up from 21 cents in the same period last year. Robinhood's initiatives in cryptocurrency and tokenized finance will increase operational leverage and create long-term profitability.