News about HOOD

Bernstein raised its revenue estimates for Robinhood Markets (HOOD) for 2026, 2027 and 2028 by 3%, 4% and 3% respectively, and kept its $160 price target unchanged. The firm expects prediction markets to grow from about $650 million this year to $1.7 billion in 2028, surpassing projected crypto-based revenue of $1.6 billion and accounting for roughly 18% of the projected $9.4 billion in total 2028 revenue. Bernstein expects Q3 revenue to rise 13% quarter over quarter to around $1.5 billion, driven by equity, options and event contract volumes and a recovery in crypto trading. HOOD was set to open lower, with premarket trading at $93.60, and is down more than 29% over the past 12 months.

The U.S. Securities and Exchange Commission (SEC) approved Cboe Global Markets' proposal to list binary options tied to company-specific key performance indicators (KPIs), which could make Robinhood (HOOD) the first retail brokerage to offer such contracts. The contracts will cover more than 100 metrics across 23 companies, including NVIDIA's data-center revenues, Apple's iPhone revenues and Robinhood's funded-customer count. Trading has not started yet because separate clearing approvals are pending, and Robinhood and Cboe plan to waive fees through the end of 2026. The article says the product could add transaction-based revenue, which grew at a 57.7% CAGR over the six years ended 2025, though its contribution depends on trading volumes, customer demand and monetization after the fee waiver. Robinhood shares have fallen 24.6% over the past year, while the industry gained 7.3%.

Robinhood Markets (HOOD) disclosed on October 7 that it had bought $25 million of Bitcoin with its own funds to hold on its balance sheet, a move crypto chief Johann Kerbrat told The Block mainly signals commitment to the crypto community. The amount is small against the $5.4 billion of cash and equivalents reported in Q2, and there is no indication of further purchases. At $82,465 on October 12, the stake equals about 302 BTC, too small to move supply or price, though it adds to the 1,215,344 BTC held by public companies, where Strategy leads with 848,250. Robinhood's Q2 crypto revenue fell 38% year over year to $100 million, and the article sees the purchase as a modest positive for Bitcoin holders, suggesting investors watch the next quarterly filing for any further buying.