Robinhood Markets, Inc. (NASDAQ: HOOD) ended Friday’s regular session higher and then nudged up again in late after-hours trading, as investors digested a busy week of headlines around prediction markets and a fresh update tied to the company’s Canada expansion plans.
By the closing bell, HOOD finished around $121.3 (up roughly 3.6% on the day), and in late after-hours it traded around $122.2 (up roughly 0.7% from the close). Friday’s session range was roughly $118.2 to $123.0. [1]
HOOD after-hours: what the stock did after the bell
Regular session (Friday, Dec. 19):
- Close: about $121.3
- Day change: about +3.6%
- Day range: about $118.2–$123.0 [2]
After hours (late Friday):
- After-hours print: about $122.2, roughly +0.7% from the close [3]
After-hours trading often amplifies short-term swings because liquidity can be thinner and bid/ask spreads can widen—especially going into a weekend—so the most important signal is usually the direction of the move and whether it holds into premarket Monday.
First, a calendar reality check: “tomorrow” isn’t a normal U.S. stock-market open
Because Dec. 20, 2025 is a Saturday, U.S. equity markets do not have a standard opening session “tomorrow.” The next regular U.S. equity session is Monday, Dec. 22, 2025, with core trading hours 9:30 a.m. to 4:00 p.m. ET. [4]
Also worth noting for next week’s planning: U.S. markets have an early close on Dec. 24 (1:00 p.m. ET) and are closed on Dec. 25 for Christmas Day. [5]
The biggest Robinhood-linked headline today: the WonderFi deal timeline gets extended again
A notable piece of news dated Dec. 19 came from WonderFi Technologies, the Canadian crypto firm that Robinhood agreed to buy in 2025. WonderFi said it signed an amending agreement with Robinhood that extends the “outside date” for completing the proposed transaction to June 1, 2026. [6]
The rationale is practical rather than purely financial: WonderFi says the extension provides more time to complete integration enhancements that require additional development work and regulatory approval, while both sides still indicate they anticipate a first-half 2026 closing (subject to conditions). [7]
Why it matters for HOOD stock:
- Canada expansion and crypto growth are part of Robinhood’s longer-term narrative (especially after the company’s push to broaden its crypto footprint and product suite).
- Extending the timeline can be read two ways: it can reduce near-term certainty (delays), but it can also remove a near-term deadline risk if investors were concerned the deal could expire before approvals and integration work were ready.
For context, when the acquisition was first announced in 2025, Reuters described it as a purchase worth nearly $180 million aimed at strengthening Robinhood’s Canadian crypto position. [8]
Prediction markets remain the loudest growth story—and the most controversial one
If you’re trying to understand why Robinhood has stayed a high-volatility, high-attention stock in late 2025, prediction markets are a key reason.
Robinhood’s sports-related “event contracts” expansion is fueling debate
Reuters reported this week that Robinhood expanded sports-focused event contracts, including contracts tied to individual NFL player performance and “preset combos” that resemble parlay-style bundles—while operating through CFTC-regulated venues (and at the same time facing a policy environment where regulators may weigh tighter oversight). [9]
The same Reuters report highlighted how fast the category has grown: monthly trading values in prediction markets have surged from under $100 million in early 2024 to over $13 billion more recently. [10]
“Fastest-growing product line” claims—and what’s actually being measured
An Investing.com analysis circulating today cited Robinhood statements that prediction markets became the firm’s fastest-growing product line by revenue, with 11 billion contracts traded by more than 1 million customers since launch, and noted upcoming features such as custom combos that could allow users to combine multiple outcomes into one contract. [11]
Barron’s framed the broader trend more skeptically, emphasizing the blurred line between investing and gambling and noting Robinhood’s integration of Kalshi-style contracts alongside claims of meaningful annualized revenue contribution—while also highlighting that regulation remains unsettled. [12]
What to take away before the next open: prediction markets are increasingly central to the bull case for HOOD (new products, new engagement loops, potential new revenue streams), but they also raise the two risk flags that can move the stock suddenly:
- regulatory headlines, and
- reputational/political pressure about “gamification.”
How the broader market backdrop may have helped HOOD into the close
Friday’s broader tape was constructive. Reuters described a session lifted by a rebound in tech and AI-linked names and noted that “triple witching” (a major derivatives expiration) added to volume and volatility dynamics across markets. [13]
Axios also pointed to the scale of the expiration event—around $7 trillion of options exposure—while cautioning that big expirations don’t always produce dramatic moves, even if flows can be heavy. [14]
For a stock like Robinhood—often treated as a “risk-on” proxy because it is tightly linked to retail activity, crypto sentiment, and trading volumes—supportive market tone can matter as much as company-specific news.
The fundamental scorecard investors keep coming back to
Even on a headline-driven day, investors tend to anchor Robinhood to a few operating metrics: funded accounts, platform assets, net deposits, and activity across options/crypto/event contracts.
Here are some of the most recent company-reported datapoints that are still shaping analyst models:
Latest monthly operating snapshot (November 2025)
In Robinhood’s November operating-data release, the company reported:
- 26.9 million funded customers at end of November
- $325 billion in total platform assets
- $7.1 billion in net deposits in November
- 3.0 billion event contracts traded (up 20% vs. October)
- $16.8 billion margin balances (up 147% year-over-year) [15]
Q3 2025 results (as filed on SEC EDGAR)
Robinhood reported in its Q3 materials:
- Total platform assets:$333 billion (+119% year-over-year)
- Funded customers:26.8 million (+10% year-over-year)
- Diluted EPS:$0.61 (+259% year-over-year)
- Net income:$556 million (+271% year-over-year) [16]
These numbers are a big reason the market has been willing to pay attention to newer bets like prediction markets: Robinhood isn’t pitching growth from a position of weakness—it’s layering new products on top of already-accelerating engagement and monetization.
Analyst forecasts and price targets: what Wall Street is signaling right now
Analyst targets on HOOD are wide—partly because the stock moved dramatically in 2025, and partly because analysts disagree on how durable today’s trading-driven revenue streams will be in a calmer market.
A few current reference points:
- Average target price around $155 (MarketWatch aggregation shows $155.29 across 25 ratings). [17]
- “Moderate Buy” style consensus and ~$137 average target (MarketBeat aggregation lists an average target around $137.25 and indicates it was updated on 12/19/2025). [18]
- Notable recent calls referenced in today’s commentary include:
How to read this before Monday:
- If HOOD holds above/near the low-$120s, the market is effectively signaling comfort with the idea that prediction markets and broader product velocity justify a premium multiple.
- If HOOD weakens sharply on minimal news, it’s often because traders are re-pricing policy risk (CFTC/regulatory) or anticipating a cooling of retail/crypto activity.
What to watch before the next market open
Here’s the practical checklist for HOOD holders and watchers heading into the next regular session (Monday, Dec. 22). [21]
1) Any weekend headline risk on prediction markets
Prediction markets are a fast-moving political and regulatory topic. Even without a formal policy move, reports about enforcement posture, rulemaking chatter, or state-level scrutiny can create gaps at the open—especially for a stock that has publicly leaned into “event contracts” as a growth lane. [22]
2) Follow-through (or fade) after today’s after-hours uptick
Late after-hours around $122.2 suggests modest bullish follow-through from the close. Watch whether that strength:
- carries into premarket Monday, and
- shows up in first-hour volume after the open. [23]
3) The WonderFi timeline: delay vs. de-risking
The June 1, 2026 outside date extension is not, by itself, a “deal broken” signal—both parties reiterated commitment and still talk about H1 2026 closing—but it does push the timeline out and keeps “integration + approvals” as the gating factor. Markets will watch for any hint of:
- incremental conditions,
- regulatory friction, or
- revised economics (none were indicated in today’s statement). [24]
4) Macro tone and liquidity, especially around year-end
Reuters’ “week ahead” framing is that investors are watching for a potential year-end “Santa rally,” though recent volatility and rate-path uncertainty remain in the mix. Thin holiday liquidity can amplify moves—up or down—particularly in high-beta names. [25]
5) Levels traders will cite from today’s tape
Without making any directional call, the most obvious reference points from today’s session are:
- ~$123 area (today’s high zone) as near-term resistance
- ~$118 area (today’s low zone) as near-term support [26]
Those bands matter because HOOD has a track record of making sharp, sentiment-driven swings when headlines hit.
The setup in one sentence
Going into the next regular open, Robinhood stock is finishing the week with positive momentum and a modestly higher after-hours tape, while the news cycle remains dominated by prediction markets growth vs. regulatory risk and an incremental but important corporate update on the WonderFi acquisition timeline. [27]
References
1. www.investing.com, 2. www.investing.com, 3. www.investing.com, 4. www.nyse.com, 5. www.nasdaq.com, 6. www.newsfilecorp.com, 7. www.newsfilecorp.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.investing.com, 12. www.barrons.com, 13. www.reuters.com, 14. www.axios.com, 15. www.globenewswire.com, 16. www.sec.gov, 17. www.marketwatch.com, 18. www.marketbeat.com, 19. www.investing.com, 20. www.tipranks.com, 21. www.nyse.com, 22. www.reuters.com, 23. www.investing.com, 24. www.newsfilecorp.com, 25. www.reuters.com, 26. www.investing.com, 27. www.investing.com
