The financial-services platform is making a smart move by getting deeper into cryptocurrencies, analysts say, as it will expand its customer base.
Robinhood Markets (HOOD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Robinhood Markets Inc (NASDAQ:HOOD) is building its own blockchain to support the trading of tokenised real-world assets, in a major step that will shift the US fintech's crypto business beyond digital currencies. The new network, a so-called Layer 2 blockchain built on the Arbitrum system, will be designed to handle around-the-clock trading, self-custody of assets, and seamless movement between platforms.
CNBC's MacKenzie Sigalos reports from Cannes, where Robinhood just unveiled tokenized shares of OpenAI and SpaceX — part of a larger push to put its entire brokerage stack on-chain and enable round-the-clock trading.
After starting calendar Q2 with a huge "Liberation Day" dip, the Nasdaq and S&P 500 once again close at new all-time highs.
Robinhood Markets Inc (NASDAQ:HOOD) shares jumped almost 12% after the trading platform expanded its crypto and stock trading offerings in the European Union. The company has launched tokenized US stocks and ETFs for EU users, allowing commission-free trading of more than 200 major US stocks, accessible 24 hours a day, five days a week.
The stock tokens give E.U. investors exposure to hundreds of U.S. stocks, as well as to private companies SpaceX and OpenAI.
Robinhood rolls out micro futures for BTC, SOL and XRP, aiming to widen crypto access and boost trading volume.
Key Points in This Article: The S&P 500 hit a record high in June, driven by a U.S.
Robinhood's transformation into a financial super-app is accelerating, with new products attracting diverse users and boosting engagement. Deposit growth is robust, driven by innovative offerings like Robinhood Gold and expansion into international markets such as the UK. Profitability is surging, with strong adjusted EBITDA, free cash flow, and a Rule of 40 score above 100, reflecting operational excellence.
Robinhood's explosive growth, diversified revenue streams, and expanding product suite position it as a future all-in-one brokerage leader. Profitability is exceptional, with net income and margins outpacing peers—only Nvidia matches HOOD's growth and profit profile. Despite a 270% run-up, long-term valuation remains attractive; conservative modeling suggests 2.7x-3.5x upside by 2035.
HOOD hits a record high of $85.55, backed by global expansion, crypto bets and bold diversification moves. Is there still room to run?