Robinhood heads into earnings with its stock price on a rally that's lifted the company's market cap to $91 billion.
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As Robinhood
investors await second-quarter earnings, expectations are sky-high.
The online broker, known for popularizing stock and crypto trading with young investors, has seen its shares surge 177% this year, outpacing all other U.S. tech companies valued at $5 or more, excluding those that went public in 2025. The next best performer is Palantir
, up 107%.
Robinhood was excluded from the S&P 500 last month, a move that surprised some investors as rival fintech Block was added.
CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.
The online brokerage saw its quarter-over-quarter revenue jump almost 7%, despite lagging crypto revenue.
Truist's price target implies upside of 30% ahead for shares of Robinhood.
The platform's core business relies on retail investors pouring into speculative corners of the market, particularly crypto and…
S&P Global said Friday that Robinhood will replace Caesars Entertainment in the S&P 500.
