Robinhood Markets is expanding in the UK and Europe with a new offering of agentic AI and perpetual futures, a type of derivative investment, with crypto trading expected to come to the UK "soon". It's part of a broader international push, even as the field of fin-tech apps in the UK and the EU grows increasingly competitive.
Robinhood Markets (HOOD) shares are extending gains on July 2nd after a senior Mizuho analyst signalled transformative potential in the company's online trading platform. Dan Dolev maintained an Outperform rating on HOOD and raised his price objective to $130 this morning, indicating potential upside of another 15% from current levels.
Robinhood Markets Inc (NASDAQ:HOOD) shares rose about 4% on Wednesday following the launch of Robinhood Chain, a new Ethereum-based layer-2 blockchain built using Arbitrum's Orbit technology and designed to support tokenized assets and onchain financial products. The move marks a significant expansion of Robinhood's crypto strategy, with the company positioning the network as a foundation for bringing traditional investing products onchain.
Robinhood's CEO says the U.K. should look to the U.S. to increase retail stock ownership. “Think of it as similar to where the US was 30 to 40 years ago,” Vlad Tenev said in a Bloomberg Television interview in London published Thursday (July 2).
Robinhood Markets is added as a top stock for July. Micron and Oracle are among Mizuho Securities' top picks for the month.
Robinhood Markets has launched the public mainnet of Robinhood Chain, a Layer 2 blockchain that the company said is purpose-built for real-world assets. Robinhood Chain is built using the Arbitrum Platform to institutional standards, is natively connected to Robinhood's onchain users, and has deep integrations with Alchemy, BitGo and Chainlink, the company said in a Wednesday (July 1) press release.
Robinhood HOOD shares surged 8% on Wednesday after the online brokerage unveiled a series of new products and international expansion initiatives aimed at broadening its presence in cryptocurrency trading and global financial services. The announcements, made during a live event in London, included new AI-powered cryptocurrency trading capabilities for US customers, expanded perpetual futures trading in Europe, and progress toward entering new markets including Canada, Singapore, and the United Kingdom.
The latest trading day saw Robinhood Markets, Inc. (HOOD) settling at $100.28, representing a -1.52% change from its previous close.
For the month ending June 26, shares of Robinhood Markets (HOOD) jumped 29.46% and some analysts think there's more upside in store for the financial services stock. If that assessment is accurate, the Direxion Daily HOOD Bull 2X ETF (HODU) is an ETF that active short-term traders should monitor.
HOOD's super-app push spans crypto, credit cards, retirement and global markets, but valuation and regulatory risks complicate the buy case.
After recovering nearly 20% from June 5 lows, Robinhood (NASDAQ: HOOD) stock received two new positive recommendations on the penultimate day of the month.
Watch more: Michael Silver of Robinhood Consumers managing their finances through digital channels increasingly assume that money will appear in accounts quickly, with visibility into when it can be used. For investment platforms, that expectation carries operational consequences.