Robinhood Markets: Raising Estimates Again on Workforce Reduction and Recent Volume Trends

研报英文原文证据摘录

Robinhood Markets: Raising Estimates Again on Workforce Reduction and Recent Volume Trends

Deutsche Bank

Research

Rating Company Date

Buy Robinhood Markets 16 June 2026

North America Reuters Bloomberg Rating Buy

United States HOOD.OQ HOOD US Price target (USD) 105.00 Price at 15 Jun 26 98.12

52-week range 152.46 – 65.16

Financial

Exchanges and Liquidity Valuation & Risks

Providers

Raising Estimates Again on Workforce

Reduction and Recent Volume Trends BrianResearchBedell,AnalystCFA

+1-212-250-6600

Updates on workforce reduction and volume trends

Son Nguyen This morning, June 16, 2026, Robinhood (HOOD-Buy) announced a company- Research Associate

wide workforce reduction of ~10% of its full-time employees. In an 8-K filing, the +1-212-250-9311

firm stated the action is part of its effort to maintain a high-performance culture,

accelerate product velocity, and remain lean and disciplined. Erika Nelson

Research Associate

Management emphasized that the decision was made from a position of business +1-212-250-9986

strength, noting that June month-to-date average daily trading volumes are at

record levels across equities, options, and prediction markets (and we are

observing a recent surge in Rothera volumes after launch, with number of Key changes

contracts totaling 109mn on Monday 6/15 and 70mn last Sunday 6/14 during the Price target (USD) 103 105 2%

start of the 2026 World Cup), As a result of the reduction, HOOD will incur

~$28mn in total charges during 2Q, including ~$20mn in cash restructuring Source:DeutscheBank

charges and ~$8mn in non-cash charges related to SBC.

As a result of this, we made further changes to our model (after already revising

estimates higher in our report published earlier this morning, titled 2Q26 E-