New York, Feb 9, 2026, 10:06 (EST) — Regular session underway
• Robinhood jumped roughly 4% at the open, getting a lift after Wolfe Research bumped its rating
• Bitcoin and ether dropped, but HOOD managed to hang on better than most other crypto-exposed stocks
• Investors zero in on Tuesday’s earnings for signals on trading trends and the impact of recent product launches
Shares of Robinhood Markets, Inc. (HOOD) jumped $3.35, or roughly 4%, to $86.17 in early U.S. trading Monday, following an upgrade from Wolfe Research. Coinbase (COIN), the crypto exchange heavyweight, slipped around 1%.
Just a day before Robinhood is set to reveal its fourth-quarter and full-year numbers, investors are zeroed in on whether fresh offerings can help maintain momentum as the market slows. The company plans to drop its results after the bell on Feb. 10, with CEO Vlad Tenev and incoming CFO Shiv Verma slated to field questions on a 5:00 p.m. ET call. 1
Robinhood tends to move alongside digital assets, given its crypto trading options for retail clients—volumes can spike sharply when prices drop. On Monday, bitcoin slipped roughly 2.7%, while ether lost around 3.8%. That kind of action typically drags on sector sentiment.
Robinhood just picked up an Outperform from Wolfe Research’s Steven Chubak, who slapped a $125 price target on the stock. That’s a call for the shares to outperform their peers. Chubak’s move comes as he looks to “take advantage of the recent selloff and deterioration in sentiment” in the broader crypto space. He flagged “Prediction Markets,” a bigger global reach, and a more diverse product suite as key to the company’s earnings potential. Crypto trading volumes remain soft — a concern for the quarter, he acknowledged — but he’s betting that steady activity in prediction markets, plus engagement from retail traders in options, equities, and margin, could turn things higher. 2
KeyBanc trimmed its price target on Robinhood to $130 from $160, but stuck with an Overweight rating. The firm argued shares have been “unfairly beaten up,” pointing to Robinhood’s “relatively moderate exposure to crypto.” Since Jan. 30, the stock has dropped 17%, leaving it off 27% for the year, KeyBanc noted. 3
Prediction markets, essentially contracts linked to real-world outcomes like sports and other events, often see a bump in activity when standard trading loses momentum. Regulation isn’t clear-cut; the rules shift depending on jurisdiction. Competition can also drive down fees.
Tuesday’s report lands as traders look for signs of steady customer activity this quarter—especially to see if Robinhood is moving beyond its crypto-fueled spikes. Attention also turns to what the company says about engagement in equities and options, along with costs.
HOOD’s trading lately has hinged on sentiment—a whiff of a downgrade, or just a cautious note from analysts, and shares can tumble or shoot up fast. That’s why the mixed analyst tape is moving the needle, especially with earnings coming up.
But it’s a double-edged sword. If crypto prices keep falling or trading volumes come in lower than what investors are bracing for, the stock could just as fast wipe out Monday’s gains. There’s also a risk that fresh offerings like prediction markets might run into stricter regulations down the line.
