New York, Feb 20, 2026, 11:11 AM EST — Regular session
- Robinhood shares rose about 2% as investors weighed January operating data and a fresh Goldman Sachs target cut.
- The broker reported $4.5 billion of January net deposits and $324 billion in platform assets.
- Traders are watching whether crypto and options activity holds into February after a volatile start to the year.
Robinhood Markets shares rose on Friday after the online broker disclosed January operating data that pointed to steady customer growth and higher trading volumes, even as Goldman Sachs cut its price target on the stock.
The stock was up 2.3% at $77.39 in late morning trade, after touching $78.01 earlier in the session.
The January snapshot matters because it is one of the first readouts since the company’s latest results, and it gives investors an early look at the two drivers they tend to obsess over: how much money customers add and how much they trade.
It also lands into a crowded tape for retail brokerages, where small shifts in options and crypto activity can move expectations quickly, especially after earnings season has passed and the next hard data point is weeks away.
Robinhood said funded customers ended January at 27.2 million, up about 190,000 from December, while total platform assets were $324 billion, up 59% from a year earlier. (Seeking Alpha)
Net deposits were $4.5 billion in January, which the company said equated to a 17% annualized growth rate versus December platform assets. (Seeking Alpha)
On the trading side, Robinhood reported equity notional trading volumes — the dollar value of shares traded — of $227.3 billion in January, up 21% from December. Crypto notional volumes were $22.9 billion, up 8% from the prior month, and options contracts traded were roughly flat at 200 million. (Seeking Alpha)
The company also said it repurchased about 2.1 million shares for $173 million quarter-to-date through Feb. 17, at an average price of about $84 per share. (Seeking Alpha)
Goldman Sachs analyst James Yaro lowered his price target on Robinhood to $111 from $130, while keeping a buy rating, citing January metrics and what he called “robust” activity. (TipRanks)
Still, the January figures are unaudited and preliminary, and trading volumes can cool fast if markets quiet down or crypto prices swing the other way — a setup that can hit transaction-driven revenue and sentiment in the stock. (Seeking Alpha)
Next up, investors will look for the company’s next quarterly update; market calendars currently point to a late-April to mid-May window, but dates vary across providers. (MarketBeat)
