Goldman Sachs and Jefferies are raising expectations for Robinhood Markets HOOD, with bullish cases extending beyond retail trading. Both see new products and prediction markets becoming meaningful growth engines.

Goldman analyst James Yaro lifted his Robinhood stock price target to $142 from $124 and maintained a Buy rating. Jefferies analyst Daniel Fannon raised his target to $140 from $127, reiterating Buy after meeting Chief Financial Officer Shiv Verma.

Why Wall Street Sees More Upside

Goldman’s case centers on Rothera, Robinhood’s prediction-market joint venture with Susquehanna International Group. Since launching in May, the platform has ranked between the third- and fifth-largest prediction-market exchanges by trading volume,…