Robinhood Stock Is Trending Higher: What's Going On?

Benzinga06-12 01:47

Needham analyst John Todaro raised his price target on Robinhood to $97 from $85, keeping a Buy rating, after the company’s May metrics showed acceleration across equities and event contracts. The new...

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The new...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/06/53150941/robinhood-stock-is-trending-higher-whats-going-on\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Stock Is Trending Higher: What's Going On?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Stock Is Trending Higher: What's Going On?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-12 01:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/06/53150941/robinhood-stock-is-trending-higher-whats-going-on><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Needham analyst John Todaro raised his price target on Robinhood to $97 from $85, keeping a Buy rating, after the company’s May metrics showed acceleration across equities and event contracts. The new...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/06/53150941/robinhood-stock-is-trending-higher-whats-going-on\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOOZ","symbol_name":"2倍做空HOOD ETF-Defiance","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/06/53150941/robinhood-stock-is-trending-higher-whats-going-on","article_id":"2642823958","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=260,format=auto,quality=85/files/images/story/2026/06/11/Robinhood-Mobile-App-Icon-On-Smartphone-.jpeg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/trading-ideas/movers/26/06/53150941/robinhood-stock-is-trending-higher-whats-going-on","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2642823958","pubTimestamp":1781200020,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Robinhood shares are moving higher on Thursday after Needham raised its price target on the stock while maintaining a Buy rating.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HOOZ":"2倍做空HOOD ETF-Defiance","ROBN":"2倍做多HOOD ETF-T-REX","HOOG":"2倍做多HOOD ETF- Leverage Shares","HODU":"Direxion Daily HOOD Bull 2X ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4127":"投资银行业与经纪业","HOOX":"2倍做多HOOD ETF-Defiance","BK4539":"次新股","HOYY":"GraniteShares YieldBOOST HOOD ETF","HOOI":"Defiance Leveraged Long + Income HOOD ETF","BK4547":"WSB热门概念","HOOD":"Robinhood","LU1861558580.USD":"日兴方舟颠覆性创新基金B","HOOY":"HOOD期权收益策略ETF-YieldMax","HOII":"REX HOOD Growth & Income ETF","HOOW":"Roundhill HOOD WeeklyPay™ ETF"},"translate_title":"Robinhood股票呈走高趋势：发生了什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":1.98,"HODU":0.6,"HOII":0.6,"HOOI":0.6,"HOOW":0.6,"HOOG":0.6,"HOOZ":0.6,"HOYY":0.6,"HOOY":0.6,"HOOX":0.6,"ROBN":0.6},"content_text":"Needham analyst John Todaro raised his price target on Robinhood to $97 from $85, keeping a Buy rating, after the company’s May metrics showed acceleration across equities and event contracts. The new target is based on a 27x multiple on Needham’s discounted FY2027 EV/EBITDA estimate.\nTodaro said Robinhood is positioned to benefit from improving crypto regulation and is gaining ground in equities and options through more advanced trading tools. He expects the company to roll out new crypto products in 2026 aimed at retail users, which could help Robinhood take share from both centralized and decentralized competitors.\nCombined with a stronger equity and options platform and a more competitive margin product, Todaro sees Robinhood moving closer to a full financial services hub.\nThe only area Needham trimmed Robinhood forecasts on was crypto, where volumes have softened as retail traders shift toward AI‑linked equity trades. Even so, the firm said Robinhood benefits more from active equity and prediction markets, which remain strong.\nThe key story in the note is a split picture: equities, options and prediction markets are all trending stronger, while crypto volumes are declining as retail investors rotate into AI-driven equity trades. Todaro views this as a net positive for Robinhood since the platform benefits from active trading broadly, not just crypto.\nOn estimates, Needham lifted its second-quarter 2026 revenue view to nearly $1.27 billion from $1.18 billion, driven by higher transaction and net interest revenues. Full-year 2026 and 2027 revenue estimates were also raised to approximately $5.07 billion and $6.02 billion, respectively.\nLonger-term, Todaro continues to view Robinhood as the furthest along in building a “financial super app,” with prediction markets and tokenized assets seen as increasingly significant growth drivers.\nHe outlined three possible paths for the stock.\nRobinhood continues to show strength in the short-term trend. The stock trades 8.7% above its 20‑day simple moving average at $81.42 and 11.5% above its 50‑day simple moving average at $79.32. That positioning shows buyers have been stepping in on dips and keeping momentum pointed higher. The 20‑day simple moving average also sits above the 50‑day simple moving average, which confirms that the shorter‑term trend has improved since the spring.\nThe longer‑term structure is not fully aligned yet. Robinhood remains 14.1% below its 200‑day simple moving average at $102.96, and the 50‑day simple moving average is still below the 200‑day simple moving average after the death cross that formed in February. This setup often means rallies can continue, but they may face heavier supply as price approaches longer‑term reference points.\nMomentum supports the recent advance. MACD is above its signal line and the histogram is positive, which signals that upside pressure is building again after the prior downswing. When MACD holds above the signal line, it usually reflects sellers losing influence while buyers gain control.\nThe next test on the upside is whether Robinhood can keep pushing through the May swing‑high region. Breakouts that fail to hold above that zone can reverse quickly, so traders often watch that area closely. On the downside, the March swing low remains the key level for the current recovery, especially after the stock slipped under support in April.\nHOOD Price Action: Robinhood shares were up 5.38% at $91.01 at the time of publication on Thursday, according to Benzinga Pro.\nImage: Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642823958","isCrawlerRequest":true}