Robinhood Markets, Inc. (HOOD) Stock Price & How to Invest

Robinhood Markets (HOOD) is a financial-technology company best known for its commission-free trading app that popularized zero-commission stock investing among younger, first-time investors. Through its app, customers trade stocks, ETFs, options, and cryptocurrency, and the company has expanded into retirement accounts, a cash and debit card product, a premium Robinhood Gold subscription, a securities-lending and yield offering, prediction markets and tokenized stocks. Robinhood makes money in several ways: payment for order flow and transaction-based revenue from equities, options, and crypto trading; net interest income on customer cash, margin lending, and securities lending; and subscription revenue from Gold. Its results are sensitive to trading activity, especially in options and crypto, and to interest rates, which drive its net interest income. Founded in the 2010s and headquartered in the US, Robinhood went public in 2021.

The business has scaled quickly. Annual revenue rose from about $1.4 billion in 2022 to about $4.5 billion in 2025, and the company swung from a loss of about $1.0 billion in 2022 to net income of about $1.9 billion in 2025. Trailing twelve-month revenue was about $4.9 billion as of mid-2026, with an operating margin near 44% and net income of about $2.1 billion. Q2 2026 revenue was about $1.31 billion and EPS of $0.62 beat the $0.43 consensus by a wide margin. It is widely viewed as a high-growth, higher-volatility consumer fintech leveraged to retail-investor engagement, market activity, and the adoption of investing and crypto among younger users.

Robinhood's transaction-based revenue is sensitive to retail trading activity, which can fall sharply when markets quiet down, hurting results; analysts expect Q3 2026 EPS to come in slightly below the year-earlier quarter. It relies meaningfully on payment for order flow, a practice that has drawn regulatory scrutiny and could face restrictions. Net interest income depends on interest rates, which can decline. Prediction markets and tokenized stocks bring new legal fights and critics: a former CFTC counsel said in October 2026 that the Supreme Court has a good chance of taking up Kalshi's legal fight, and AMC's CEO publicly called Robinhood's stock tokenization 'fake, synthetic' in October 2026. The company faces competition from established low-cost brokers and other fintech apps, and reputational risk from past outages and controversies. Crypto exposure adds volatility, and the valuation (about 45x trailing earnings) leaves little cushion if growth slows. It is a higher-volatility, activity-driven stock, not a defensive holding.

29 analysts publish price targets on HOOD, averaging $134.38 against a $98.87 price as of October 2026, or +35.9%. The published targets run from $57.00 to $170.00, a wide spread, and the ratings split 25 buy, 4 hold, 2 sell. Over the last six months there have been 6 raises and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full HOOD forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Robinhood Markets, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Growing customer base and products. Robinhood has built a large base of younger, digitally native investors and is broadening its product set: retirement accounts with a match, a cash and debit card, advisory and crypto features, tokenized stocks and the Gold subscription. The most optimistic published target, $170.00, assumes this works close to its best case.

The case against. Robinhood's transaction-based revenue is sensitive to retail trading activity, which can fall sharply when markets quiet down, hurting results; analysts expect Q3 2026 EPS to come in slightly below the year-earlier quarter. The most pessimistic target, $57.00, is roughly what HOOD is worth if this bites instead.

Read the full bull and bear case on HOOD, including what would have to change to break either one. Walnut is not an investment adviser.

No. Robinhood Markets, Inc. (HOOD) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Robinhood Markets, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$4.9 billion
• Revenue growth (Q2 2026, year over year): ~32%
• Operating margin: ~44%
• Net income (TTM): ~$2.1 billion
• P/E (trailing / forward): ~45x / ~30x
• Dividend: none
• Market cap: ~$91 billion

Robinhood is valued as a high-growth consumer fintech rather than a mature broker: at about $101 on October 16, 2026 it traded near 45x trailing and 30x forward earnings, with analysts' mean target around $134. Earnings swing with retail trading volume (especially options and crypto) and with interest rates that drive net interest income, so the stock trades on engagement trends as much as trailing fundamentals. The Q3 report on October 27 (revenue consensus about $1.43 billion) is the next checkpoint.

If you want HOOD exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses HOOD naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to HOOD: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get HOOD exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (BLOK, ARKK, ARKF), which spreads the position across many companies. Or build it into a focused thematic portfolio, so HOOD sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where HOOD fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Robinhood (HOOD) is the commission-free trading app that brought zero-commission investing to a younger generation, now expanding into retirement, cards, crypto, prediction markets and a Gold subscription. Its revenue leans on transaction activity (options and crypto), net interest income, and subscriptions, and reached about $4.9 billion over the trailing twelve months, up about 32% in the latest quarter. In a portfolio it behaves as a higher-volatility consumer fintech leveraged to retail engagement and interest rates, not a defensive holding: the shares fell about 15% in the month to mid-October 2026 despite a strong Q2 beat.

Whether HOOD is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is HOOD a buy or a sell?, and where the stock could go from here in the HOOD stock forecast.

For income investors, whether HOOD pays a dividend and how the payout looks is covered in does HOOD pay a dividend? And to weigh HOOD against a peer, read the full side-by-side comparisons: HOOD vs PYPL and HOOD vs XYZ.