Robinhood Adds Nearly $14 Billion in Three Days as Bernstein Repeats $160 Target

Robinhood Markets added approximately $13.9 billion to its market capitalization between Tuesday’s close and early Friday trading as its shares rallied alongside Bitcoin and other cryptocurrency linked stocks.

HOOD closed at $91.53 on Tuesday before rising 4.63% to $95.77 on Wednesday. The stock finished Thursday at $95.10 and accelerated to $106.98 by 9:51 a.m. Eastern Time on Friday, gaining 12.49% for the session.

Using Robinhood’s approximately 899 million outstanding Class A and Class B shares, the increase from $91.53 to $106.98 lifted its estimated market value from $82.3 billion to approximately $96.2 billion.

That represents an increase of about $13.9 billion across three trading sessions. Friday’s move alone, measured from Thursday’s $95.10 close, added approximately $10.7 billion.

These figures are intraday estimates and will change as Robinhood’s share price moves.

Bernstein Maintains Its $160 Robinhood Target

Bernstein reiterated its bullish view of Robinhood on Friday, maintaining a $160 price target and an Outperform rating.

The firm formally uses the term Outperform, although some market data platforms classify the recommendation as Buy. The latest action is a reiteration rather than a new upgrade or price target increase.

Bernstein analyst Gautam Chhugani originally raised the Robinhood target from $130 to $160 on July 20 while maintaining the Outperform rating.

At $106.98, the target represents approximately 49.6% potential upside. Current analyst data compiled by Google Finance places the average target near $123.58, with Bernstein’s $160 forecast remaining the highest listed estimate.

Bernstein’s bullish thesis extends beyond cryptocurrency trading. The firm views prediction markets, tokenized equities, perpetual futures and other emerging financial products as important growth opportunities for Robinhood.

Chhugani projected that Robinhood’s prediction market revenue could reach approximately $1.7 billion by 2028.

HOODB Tracks Robinhood’s Rally

Robinhood Tokenized bStock, HOODB, followed the underlying equity higher.

Binance showed HOODB near $101.15 at the latest available indexed snapshot. That figure preceded HOOD’s later move to $106.98 after the Nasdaq opened.

Each HOODB token provides economic exposure linked to one Robinhood share, subject to the issuer’s terms and applicable restrictions. Its value should therefore follow HOOD rather than develop an independent cryptocurrency valuation.

Temporary differences can occur because HOODB trades through a separate order book and outside conventional Nasdaq hours. Liquidity, spreads and differences in price update timing can also produce short lived premiums or discounts.

Bitcoin Rally Lifts Cryptocurrency Stocks

Robinhood’s rebound occurred as Bitcoin surged from below $63,000 one week earlier to above $76,000 on Friday.

Several confirmed developments supported the cryptocurrency rally.

The US Treasury announced an expansion of its purchases of longer duration government bonds. The decision reduced pressure on bond yields and weakened the dollar, improving demand for assets such as Bitcoin and gold.

President Donald Trump also urged lawmakers to advance the Clarity Act, proposed legislation intended to establish a clearer federal regulatory framework for digital assets.

The rapid Bitcoin advance forced traders to close approximately $2.7 billion in bearish cryptocurrency positions, accelerating the rally. US spot Bitcoin exchange traded funds also recorded approximately $517.2 million in net inflows on Wednesday, their largest daily total since May 4.

The sector wide reaction supports the conclusion that Robinhood’s rebound is partly connected to improving cryptocurrency market sentiment. Coinbase, Circle and Strategy also advanced during Friday trading.

Robinhood Is No Longer Dependent on Crypto Alone

Robinhood benefits from higher cryptocurrency trading because it generates transaction revenue from trades completed through its platform. However, crypto represented only part of its latest quarterly business.

Robinhood reported record second quarter revenue of $1.31 billion, representing 32% annual growth. Diluted earnings reached $0.62 per share, while adjusted EBITDA increased 35% to $741 million.

Crypto transaction revenue declined 38% from the previous year to $100 million. In contrast, event contract revenue reached $156 million, options revenue increased to $342 million and equities revenue climbed to $129 million.

The company had 790 million Class A shares and 109 million Class B shares outstanding as of June 30, producing a combined total of approximately 899 million shares. This reported total forms the basis of the market capitalization calculations as per Robinhood’s quarterly results.

What This Means for HOOD and HOODB

Robinhood’s nearly $14 billion rebound is supported by a broad recovery in cryptocurrency markets and renewed regulatory optimism.

Bernstein’s reiteration adds institutional support, but investors should not interpret it as a fresh upgrade or a newly increased target. The $160 forecast has been in place since July 20.

For HOOD and HOODB, the immediate catalyst remains the strength of Bitcoin and cryptocurrency trading activity. The longer term investment case increasingly depends on whether Robinhood can turn prediction markets, tokenized assets and its expanding financial platform into durable revenue sources.