-3.20% to $112.50 from $116.22
What moved HOOD
- Robinhood unveiled AI-powered ‘Robinhood Agents’ and new Agent Apps, along with plans for 24/7 weekend trading and perpetual futures, at its HOOD Summit 2026.
- The company introduced earnings contracts tied to results for more than 20 companies and a live in-app earnings-call trading feature planned for the third-quarter reporting season.
- Goldman Sachs, BTIG, Deutsche Bank, Needham and KBW raised or reaffirmed price targets following the announcements.
- Shares rose as much as 4.7% in premarket and extended gains after the open.
Sources: StocksToTrade · The Crypto Basic · Schaeffer's Investment Research · GuruFocus
+5.16% to $109.81 from $104.42
What moved HOOD
- The SEC’s new conditional exemption gives platforms such as Robinhood a clearer regulatory framework for bringing traditional equities onto blockchain rails
- Robinhood, along with Coinbase and Kraken parent Payward, has already launched offshore tokenized-equity offerings but had not yet extended them to U.S. customers
- Robinhood shares were up more than 3% in Thursday trading following the SEC’s announcement
- The move followed a failed Senate procedural vote earlier in the week on the CLARITY Act, prompting the SEC to act through limited exemptions instead of waiting for broader legislation
Sources: CNBC · TipRanks · TradingView News
-1.24% to $103.51 from $104.81
What moved HOOD
- Morgan Stanley raised Robinhood to Overweight from Equal Weight and increased its price target to $150 from $124.
- Analyst Michael Cyprys pointed to Robinhood generating $156 million in prediction-market revenue in the second quarter from a product used by fewer than 2 million customers as evidence of growth beyond crypto.
- Morgan Stanley cut its crypto forecasts but still raised its 2026-2028 earnings estimates for Robinhood by 12% to 15%.
- Shares rose about 0.8% to $106.66 following the upgrade, after climbing 21% in August.
Sources: Yahoo Finance · Stocktwits · Schaeffer's Investment Research
+13.70% to $108.13 from $95.10
What moved HOOD
- Robinhood shares jumped as bitcoin surged past $75,000, with crypto-linked equities broadly rallying alongside it.
- Sentiment was boosted by a White House cryptocurrency summit earlier in the week that included the CFTC and SEC chairs alongside executives from Coinbase, Robinhood, Ripple and Kalshi, fueling optimism over looser crypto market-structure regulation.
- The rally follows Robinhood’s Aug. 10 launch of crypto trading for UK customers via Bitstamp UK, offering access to more than 50 digital assets.
- Robinhood Ventures Fund II priced an IPO valuing the fund at $225.5 million before expenses.
Sources: 24/7 Wall St. · TheStreet · Benzinga