Robinhood stock surges 9% today to a new high of $132.90

Robinhood stock jumped 9% this afternoon after touching a new all-time high of $132.90. The move came on the back of strong business growth and several analyst upgrades that pushed investor interest ￰0￱ stock has already climbed 237% this year, making it one of the most volatile names on the market at press ￰1￱ Cryptopolitan reported , the company’s latest quarter showed crypto revenues rising 98% to $160 ￰2￱ also added 2.3 million new funded ￰3￱ expansion followed its inclusion in the S&P 500 index on September 22, a step that made the stock more visible to institutional ￰4￱ reacted ￰5￱ Sandler lifted its price target to $140, BofA Securities moved theirs to $139, and Mizuho set theirs at $145.

Crypto rally fuels Robinhood momentum Crypto markets added more weight to today’s ￰6￱ total value of digital assets rose 2.5% to $3.86 ￰7￱ crossed $113,000, while Ethereum surged by 2.8%. That rally gave Robinhood a boost since higher trading activity translates to more ￰8￱ the same time, SEC Commissioner Hester Peirce said the ￰9￱ moving into a more constructive phase for digital assets, easing some concerns about ￰10￱ broader environment also played a ￰11￱ Federal Reserve restarted its rate-cut cycle, which traders generally see as positive for risk assets, including crypto. Together, these factors strengthened sentiment and added to Robinhood’s ￰12￱ has shown heavy volatility over the past year, with 56 price swings greater than 5%.

Today’s surge, while strong, is being read by markets as an important reaction to the latest updates but not a complete reset of how the stock is ￰13￱ last bullish session came around four days ago, when Robinhood shares dropped 1.7% after news that Chief Technology Officer Jeffrey Tsvi Pinner sold 5,866 shares. A regulatory filing showed the sale brought in about $727,871. It was done through a pre-arranged 10b5-1 trading plan, which companies use to avoid insider trading ￰14￱ so, the size of the sale raised questions among some investors and added pressure to the ￰15￱ current prices, Robinhood has set a 52-week ￰16￱ to CEO Vlad Tenev, Robinhood pulled in over $2 billion in Q3 from its prediction markets platform ￰17￱ posted on X, saying: “Robinhood Prediction Markets just crossed 4 billion event contracts traded all-time, with over 2 billion in Q3 ￰18￱ we’re just getting started.” At the same time, the broader prediction market space is shifting ￰19￱ just passed Polymarket to take the top spot in event-based contract ￰20￱ now handles nearly two-thirds of the entire market volume, as more traders move toward U.

S.-regulated platforms instead of offshore ￰21￱ data from Dune Analytics showed that between September 11 and 17, Kalshi handled 62% of the total volume, moving over $500 million in trades that ￰22￱ also kept an average open interest of $189 million, a sign that more money is staying in the system Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.