Overview

• Devin Ryan of Citizen JMP raised Robinhood’s price target 30% to $170 on Oct. 9 and reiterated an Outperform rating.
• Shares hit an all-time high of 153.86 on Oct. 6, rose 38% in September, and remain up more than 250% year to date; the stock closed at 129.91 on Oct. 17.
• Robinhood joined the S&P 500 effective Sept. 22, a move that lifted visibility and attracted index-tracking investors.
• August operating data showed equity trading volume at $199 billion, crypto volume just under $14 billion (up 154% year over year), and funded customers up 10% to 26.7 million.
• The company is expanding into prediction markets, saying it will add more than 100 new event contracts in the coming weeks, while its crypto trading business remains early-stage despite rapid growth.