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Robinhood’s 2025 Surge Meets Higher EPS Calls as Q4 Volumes Jump

Higher trading volumes boost earnings expectations.

Overview

  • HOOD shares climbed about 220% in 2025 through Dec. 11, reflecting renewed investor interest and stronger fundamentals.
  • Morgan Stanley lifted its price target to $147 with an Equal Weight rating and raised Q4 EPS estimates by roughly 5% on robust year-end transaction volumes.
  • Truist initiated coverage on Dec. 16 with a Buy rating and a $155 price target.
  • Through the first nine months of 2025, revenue rose 65% year over year to $3.19 billion, adjusted EBITDA grew 116% to $1.76 billion, and GAAP net income reached $169 million.
  • Robinhood expanded into prediction markets and AI tools, reporting its fastest-growing revenue stream with over 1 million customers trading 11 billion contracts, adding Preset Combos for pro football and unveiling the next-gen Cortex assistant set to roll out to Gold members in Q1 2026.