New York, February 6, 2026, 11:27 EST — Regular session
- Robinhood shares surged in late-morning trading, riding a rebound in crypto-linked stocks alongside bitcoin.
- Traders are grappling with a new Truist price target cut amid this week’s steep decline.
- Robinhood’s Feb. 10 earnings report and management call are the next key events to watch.
Robinhood Markets, Inc. shares climbed 14.6% to $83.26 in late-morning trading Friday, hitting an intraday high of $83.48 after dipping to $73.60 earlier. The stock closed at $72.68 the day before, with volume exceeding 27.9 million shares.
The shift followed a widespread bounce in crypto-related shares as bitcoin found footing near $69,500, climbing roughly 2.3% after dipping to around $60,300 earlier. Coinbase gained nearly 9.6%, while Strategy surged about 20%, highlighting the close link between risk appetite and digital assets this week.
Despite Friday’s rebound, bitcoin’s recent rally has traders on edge. Reuters noted the token is on track for its worst weekly drop since late 2022. Pepperstone’s Chris Weston told Reuters, “A lot of these big crowded positions are being unwound very, very quickly.” 1
Truist Securities cut its price target for Robinhood to $130 from $155 on Friday but maintained a Buy rating, according to Investing.com. The downgrade reflects concerns over the recent slide in cryptocurrency prices. The firm flagged the stock’s “oversold” status on the RSI, a momentum indicator popular with technical traders, while noting that the broader retail trading environment outside of crypto appeared more stable. 2
Robinhood generates revenue from customer trading in stocks, options, and crypto, plus interest on customer cash and margin loans. This makes the stock vulnerable to big moves in risk assets, even when there’s little company-specific news.
The rally could reverse quickly if crypto volatility swings back. Reuters pointed to significant outflows from U.S. spot bitcoin ETFs in recent months, noting that selling picked up as traders reevaluated the risk asset policy environment. 3
The broader market has been uneven, as investors pull back from some big tech and other crowded trades. That rotation is boosting volatility in high-beta stocks like Robinhood. 4
Robinhood plans to report its fourth-quarter and full-year 2025 earnings on Tuesday, Feb. 10, after markets close. The company will hold a video call at 5:00 p.m. ET, featuring CEO Vlad Tenev and incoming CFO Shiv Verma. 5
