New York, Feb 20, 2026, 11:11 AM EST — Regular session
- Robinhood picked up roughly 2%, with investors digesting January operating numbers alongside a new price target cut from Goldman Sachs.
- The broker logged $4.5 billion in net deposits for January, bringing total platform assets to $324 billion.
- Traders now eye crypto and options flows to see if the action sticks heading into February, following a bumpy kickoff to the year.
Robinhood Markets shares climbed Friday, buoyed by January operating figures showing consistent customer gains and increased trading activity. The lift came even as Goldman Sachs lowered its price target on the stock.
Shares traded at $77.39 in late morning, up 2.3%, after hitting an earlier session high of $78.01.
The January snapshot carries weight—it’s among the earliest glimpses investors get after the company’s most recent earnings, revealing those two metrics they watch closest: customer deposits and trading activity.
The news drops into an already packed landscape for retail brokerages. With options and crypto trading, even minor changes can swing sentiment fast—particularly now, after earnings season, when the market’s waiting weeks for the next set of hard numbers.
Robinhood reported 27.2 million funded customers by the end of January, an increase of roughly 190,000 from December. Platform assets climbed to $324 billion, marking a 59% jump year-over-year.
January net deposits came in at $4.5 billion, according to the company, translating to a 17% annualized growth rate compared with December’s platform assets.
Robinhood’s equity notional trading volume hit $227.3 billion in January, climbing 21% from December. Crypto volumes also rose, reaching $22.9 billion—an 8% monthly gain. Options contracts? About 200 million traded, holding steady compared to the previous month.
The company reported buying back roughly 2.1 million shares so far this quarter, spending $173 million through Feb. 17. That works out to an average price near $84 per share.
Goldman Sachs analyst James Yaro cut his price target on Robinhood down to $111 from $130 but stuck with a buy rating, pointing to January’s numbers and describing activity as “robust.” TipRanks
That said, January’s numbers are both preliminary and unaudited. If the markets lose momentum or crypto turns south, trading activity can dry up quickly — which puts pressure on transaction-based revenue and could weigh on the stock’s mood.
Investors are now watching for the company’s next quarterly report. Market calendars suggest it’ll land sometime between late April and mid-May, though the specific date depends on the provider.
