Robinhood Soars Over 150% YTD — Breaks $100, Analysts Eye $120 Target
TradingKey – Robinhood (HOOD) extended its rally on Wednesday, July 2, surging more than 6% intraday and briefly breaking the $100 mark, setting a new all-time high. (To track changes in institutional holdings of Robinhood stocks, see star investors)
The stock has now gained 154% year-to-date, far outpacing Bitcoin (+16%), Coinbase (+43%), Strategy (formerly MicroStrategy, +38%), and Marathon Digital (+6%).
Robinhood Stock Price Chart – Source: TradingView.
The explosive growth is largely driven by aggressive expansion in crypto and tokenization, with several major milestones this year:
Date | Business Area | Key Development |
July 2 | Tokenization | Launched tokenized U.S. stock trading for EU users via Arbitrum, including shares of NVIDIA, OpenAI, and SpaceX. |
June 2 | Exchange | Acquired Bitstamp (Luxembourg-based crypto exchange) for $200M, adding 5,000 institutional and 50,000 retail clients. |
May 12 | Exchange | Bought WonderFi Technologies (Canada) for $179M, gaining access to regulated platforms Bitbuy and Coinsquare. Mizuho estimates this could generate $250M in annual revenue. |
March 17 | Prediction Markets | Launched a Prediction Market Hub, enabling users to trade contracts on Fed rate decisions and NCAA basketball outcomes. |
Feb 24 | Regulation | The SEC closed its investigation into Robinhood’s crypto division with no enforcement action taken. |
Robinhood’s stock has now exceeded price targets from several major Wall Street firms:
- Goldman Sachs: $91
- Bank of America: $95
- Deutsche Bank: $96
- Mizuho: $99
Looking ahead, KeyBanc has raised its target to $110, while TradingView analysts see potential upside to $120.
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