New Robinhood Price Target With Path to All-Time High
Robinhood shares jumped nearly 7% as retail brokers rallied on Monday.
You're reading 0 of 1 free page.
Register to read more or Unlock Pro — 50% Off Ends Soon
If Monday’s trading offered any hints, 2026 should be a good year for stocks.
The first trading day of the year was January 2, but that session immediately followed the New Year’s holiday and preceded a weekend. Many traders, still in the midst of the holiday season, didn’t participate in Friday’s session.
Monday was a different story. With everyone back at their desks, the major indexes roared higher. The retail brokerage sector was particularly strong, perhaps sending a signal that markets are expected to do well in the new year.
Retail Brokers Ring in New Year
Retail brokerage giant Charles Schwab Corp. (SCHW) closed at an all-time high after gaining about 2%. Interactive Brokers Group (IBKR) shot higher by about 6.5%, closing near its all-time high.
Shares of Robinhood Markets (HOOD) jumped by nearly 7% on Monday, as a broad-based rally helped carry the retail broker to its highest close in nearly a month.
Charting Robinhood
Where are shares of the iconic retail broker headed next? Let’s go to the chart to find out.
After a six-month rally that saw the stock more than triple in value (black dotted line), Robinhood was due for a consolidation. That consolidation lasted for nearly three months, but Monday’s activity could signal an end to Robinhood’s slumber.
Technically, Robinhood has two obstacles to overcome. First, the stock must climb above its 50-day moving average (blue), currently near $126. That moving average is currently falling, a negative sign.
Next, the stock must form a higher high to go with its recent higher low (HL). A higher high will be achieved if Robinhood can close above $139.75 (H), which represents the stock’s December 9 high.
Robinhood’s New Target Price
If Robinhood can vault those two obstacles, the path is clear for a rally to the stock’s all-time closing high (ATH) of $152.46, set on October 9, 2025. This makes $152 our new target price for the stock.
Shares of the Menlo Park, California-based broker gained about 190% last year.
How does strength in the retail brokerage sector hint at a strong 2026 for stocks? Retail traders are almost universally bullish. If the current bullish trend were to reverse, I’d expect fewer trades from the retail sector.
On the other hand, if stocks continue to rally, retail investors will continue to be rewarded for their bullish ways. Eventually, the party must end, but Monday’s action is sending a signal that this rally still has legs.
At the time of publication, Ponsi was long HOOD.
