Robinhood stock rises after May data showed higher trading volumes, customer assets and IPO underwriting approval.

Robinhood sees strong growth in May, with assets and net deposits up significantly. Trading volumes also surge, but crypto activity is muted.

Robinhood's May 2026 data shows 27.7 million funded customers, $377 billion in platform assets (up 48% YoY), and $5.6 billion in net deposits.

Robinhood stock rises after May data showed higher trading volumes, customer assets and IPO underwriting approval.

The zero-fee trading app is poised to enter the IPO underwriting business.

Robinhood shares are moving higher on Thursday after Needham raised its price target on the stock while maintaining a Buy rating.