Robinhood (HOOD) Stock Jumps Nearly 6% Today as Prediction Markets and Crypto Boom Drive a High‑Risk Rally

On Monday, November 24, 2025, Robinhood Markets, Inc. (NASDAQ: HOOD) is back in rally mode. By early afternoon U.S. trading, the popular brokerage’s stock was changing hands around $113.7, up almost 6% on the day and adding billions in market value after a bruising stretch of volatility. ^[1]

At the same time, new analysis out today highlights a striking split: fundamentals and user growth are exploding, but valuation and regulatory risks are also mounting. Here’s what’s moving Robinhood stock right now and what it could mean for investors watching HOOD today.

Robinhood stock price today (November 24, 2025)

Price (intraday): about $113.7 per share, up roughly $6.4 (≈6%) versus Friday’s close around $107.3. ^[2]
Intraday range: opened near $110, traded between roughly $108 and $114 so far.
Market cap: around $127 billion.
Trailing earnings multiple: roughly 58× based on current price and reported EPS. ^[3]

The rebound comes after an intense bout of selling:

From its October 6 record high near $153.9, HOOD tumbled more than 20% into last week. ^[4]
The stock dropped over 10% in a single session on November 20, closing near $106.2, and continued to swing on huge volumes. ^[5]
Despite that, HOOD remains up well over 150% in 2025 and roughly 250–280% above levels a year ago, depending on the time frame and data source. ^[6]

In other words: today’s pop is a bounce in the middle of a very volatile uptrend, not a calm, steady climb.

Earnings and growth backdrop: blockbuster Q3 2025

The foundation for today’s move is Robinhood’s blowout third‑quarter 2025 results, announced on November 5. ^[7]

Key numbers from Q3 2025:

Total net revenue:$1.27 billion, up 100% year over year.
Net income: about $556 million, up over 270% versus the prior year.
Diluted EPS:$0.61, versus about $0.17 a year earlier, comfortably ahead of analyst estimates.
Transaction-based revenue:$730 million, up 129%, powered by:
- Crypto trading revenue of about $268 million (more than tripling year over year),
- Options revenue up roughly 50%,
- Equities trading revenue more than doubling.
Net interest revenue: about $456 million, up 66%, reflecting larger interest‑earning balances and securities lending.
Total platform assets: around $333 billion as of September 30, up 119% year over year. ^[8]

Management also highlighted that October got off to a record start, with all‑time‑high monthly trading volumes across equities, options, prediction markets and futures, along with record margin balances. ^[9]

Several analyses published today build directly on those numbers:

CoinCentral notes that platform assets have climbed from about $102 billion at the start of 2024 to roughly $343 billion as of October, helped by rapid growth in paid Robinhood Gold subscriptions. ^[10]
Blockonomi and AInvest echo that figure, tying the asset surge to the explosion in crypto and prediction‑market activity on the platform. ^[11]

The upshot: fundamentally, Robinhood is growing like a high‑octane fintech, not a sleepy broker.

Why HOOD is rebounding today: November 24, 2025 news drivers

Several fresh headlines from November 24, 2025 are shaping how investors see HOOD right now.

1. Bullish “buy‑the‑dip” narratives after a 30%+ slide

A widely shared analysis on CoinCentral titled “Robinhood (HOOD) Stock: Is the Trading Platform a Buy After a 33% Pullback?” frames the recent decline as a potentially attractive entry point. ^[12]

Key points from that piece:

Robinhood stock closed around $115 recently, up roughly 172% year‑to‑date and far above the ~$8 level seen two years ago. ^[13]
Platform assets have surged to about $343 billion, with Gold members bringing in disproportionate assets and trading more often, creating a lucrative subscription‑plus‑trading model. ^[14]
Transaction revenue is firing on all cylinders, especially in crypto, options and equities, matching the company’s Q3 disclosures. ^[15]

However, the same article stresses that valuation is stretched, estimating that:

HOOD trades at about 44–47× forward earnings,
versus an industry average near 23–24×,
and possibly 120%+ above some intrinsic value estimates based on return on equity and growth models. ^[16]

That framing — “explosive growth but expensive” — is central to how investors are talking about HOOD today.

A separate note from Rolling Out (paywalled) frames the story as “Robinhood stock drops 33% after epic surge to $115,” underscoring how steep the recent drawdown has looked even after huge gains. ^[17]

2. Benzinga: Fed cut hopes and strong earnings “catch a bid”

A mid‑day piece syndicated via Benzinga, “Robinhood Stock Catches A Bid: Strong Earnings, Bullish Analysts, Rate Cut Hype Fuel Rebound,” reports HOOD trading in the low‑$113s, up about 5–6% as tech stocks rally on hopes that the Federal Reserve could cut rates in December. ^[18]

According to that coverage:

Today’s move is framed as a rebound after an ~18% slide over the past month,
with Q3’s earnings beat,
and still‑supportive analyst sentiment helping buyers step back in. ^[19]

Put together, those reports paint today’s rally as a mix of:

Macro tailwind: risk‑on mood and rate‑cut optimism,
Micro tailwind: surprisingly strong Q3 results and product momentum.

3. AInvest: sports prediction markets, leveraged ETF and valuation anxiety

Another November 24 article on AInvest, “Robinhood’s Regulatory Gamble: Betting Big on Sports Markets to Justify Valuation?”, digs into Robinhood’s push into sports‑style prediction markets as a key growth driver — and a source of risk. ^[20]

Highlights from that piece:

HOOD shares are described as having surged about 9% recently as platform assets hit around $343 billion, supported by regulatory clarity and new products. ^[21]
The platform reportedly traded about 2.5 billion prediction‑market contracts in October alone, as Robinhood’s prediction markets start to look and feel more like a sportsbook interface, particularly attractive to younger users. ^[22]
Cathie Wood’s ARK Invest is cited as adding roughly $6.7 million worth of HOOD shares, tying Robinhood more explicitly into the crypto and digital‑asset ecosystem. ^[23]
A newly launched Direxion Robinhood Bull 2X Shares ETF (ticker: HODU) provides leveraged long exposure to HOOD, highlighting how speculative flows now have a direct amplifier. ^[24]

But the same article reiterates that HOOD trades at roughly 44× earnings vs. an industry average near 23.6×, and cites “excess returns” analysis suggesting the stock could be more than 120% overvalued if growth and margins cool. ^[25]

The message: growth is spectacular, but the bar is extremely high.

4. Zacks: HOOD as a “crypto‑centric” dip buy

Zacks Investment Research today highlighted Robinhood alongside Nvidia and Interactive Brokers in a list of “crypto‑centric stocks to buy on the dip before Bitcoin’s next rally,” arguing that earnings upgrades and the recent Bitcoin pullback could create a buy‑the‑dip opportunity. ^[26]

While we can’t see the full article due to site restrictions, the summary indicates that:

HOOD is increasingly viewed as a proxy for crypto trading activity, not just equities,
and that some analysts are leaning into the stock as a leveraged play on digital‑asset volatility.

5. Institutional flows: Rhumbline Advisers adds to its HOOD position

Today’s MarketBeat alert reveals that Rhumbline Advisers boosted its Robinhood stake by 71,147 shares in the second quarter, bringing its total position to about 855,000 shares, roughly 0.10% of the company, worth around $80 million at the time of filing. ^[27]

That article also notes:

Institutional ownership in Robinhood is now above 90% of the float,
and Wall Street’s consensus on MarketBeat sits at “Moderate Buy”, with roughly 14 buy, 8 hold and 1 sell ratings, and an average price target near $137 per share. ^[28]

Separately, a Yahoo Finance / Simply Wall St. summary (via earlier search results) indicates that the broader consensus price target has only edged down slightly — from about $151.7 to $151.1 — despite recent volatility, suggesting analysts still see upside from current levels. ^[29]

From meme broker to multi‑line fintech: what’s actually driving the business?

Strip away the meme‑stock headlines and HOOD is increasingly being evaluated as a diversified fintech platform.

1. Multiple $100M+ revenue lines

According to Robinhood’s own Q3 release, the company now has around 11 distinct business lines each generating roughly $100 million or more in annualized revenue, ranging from traditional trading to interest income and new products like prediction markets and crypto. ^[30]

Core pillars now include:

Equities, options and ETF trading
Crypto trading, now contributing several hundred million in quarterly revenue
Net interest income from margin, cash sweep and securities lending
Subscription revenue from Robinhood Gold, with 3.9 million subscribers as of Q3, up 77% year over year ^[31]
Prediction markets and futures/event contracts
The early rollout of Robinhood Banking and plans for Robinhood Ventures, which would give retail investors curated access to private companies. ^[32]

2. Explosive user monetization

User metrics show Robinhood squeezing more economics out of its base:

Funded customers: roughly 26.8 million, up about 10% year over year. ^[33]
Average revenue per user (ARPU): up around 82% to $191. ^[34]
Net deposits: more than $20 billion in Q3 alone, and about $68 billion over the past 12 months. ^[35]

CoinCentral’s analysis argues that the Gold membership program has been a major driver of that asset and revenue growth, with paying users bringing in more assets and trading more frequently than non‑Gold customers. ^[36]

3. Prediction markets and “sportsbook‑style” UX

Robinhood’s prediction markets — including sports‑style contracts — are becoming a key story line:

Management has disclosed 4 billion total prediction‑market contracts traded, with more than 2 billion contracts in Q3 alone. ^[37]
Those markets crossed $100 million in annualized revenue in under a year, with analysts estimating a potential $300 million run‑rate based on recent volumes. ^[38]

AInvest and other outlets emphasize how Robinhood is re‑skinning parts of the app to resemble a modern sportsbook, aiming squarely at users who might otherwise be betting on football or daily fantasy. ^[39]

That’s fueling growth — but also shaping regulatory risk.

Valuation: spectacular growth, stretched multiples

Most of today’s commentary comes back to the same tension:

Robinhood looks like a hyper‑growth fintech on the income statement, but a richly priced story stock on the valuation screen.

From today’s sources:

CoinCentral and AInvest both estimate HOOD trades at roughly double the earnings multiple of its peer group, with forward P/E in the mid‑40s versus low‑20s for comparable brokers and fintechs. ^[40]
The same models suggest shares may be 100–130% above some fair‑value estimates, assuming more normal growth and margins over time. ^[41]
Real‑time data today put the trailing P/E near 58×, confirming that the market is still pricing in years of strong growth and high profitability. ^[42]

At the same time:

Analyst targets in the $130–$150 range remain well above the low‑$110s where the stock trades today, even after some modest downward revisions. ^[43]
Some bullish commentaries speak openly about $160+ per share scenarios if Robinhood keeps adding new asset classes, products and geographies. ^[44]

In short, HOOD is priced like a company that must keep executing almost flawlessly — and markets have been punishing even small disappointments, as seen in the sharp sell‑offs earlier in November.

Risks and overhangs: regulation, crypto and trading‑volume sensitivity

No serious look at HOOD today is complete without the risk side.

1. SEC Wells Notice and crypto enforcement risk

Robinhood’s U.S. crypto business remains under a cloud. In 2024, the company disclosed receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating that staff had recommended an enforcement action related to its crypto operations — similar to cases brought against Coinbase and Kraken. ^[45]

Potential SEC action could include:

Fines and penalties,
Restrictions, injunctions or cease‑and‑desist orders,
Limitations on what crypto assets Robinhood can list or how it markets them. ^[46]

Robinhood has said it believes the assets it lists are not securities and that its crypto platform is “here to stay,” but any enforcement outcome remains a significant unknown. ^[47]

2. Earlier regulatory fines

In early 2025, AML Intelligence reported that Robinhood agreed to pay about $45 million in fines tied to anti‑money‑laundering and securities‑law breaches, with the SEC emphasizing that the company’s systems had not met required standards in earlier years. ^[48]

While Robinhood has characterized those issues as largely historical and already addressed, they reinforce the perception that the firm is under close regulatory scrutiny — a risk that only grows as the company pushes into crypto and prediction markets.

3. Dependence on volume, volatility and crypto sentiment

Both Robinhood’s own filings and third‑party analyses stress a familiar risk:

Revenue is heavily tied to trading volumes, especially in options and crypto. ^[49]
Articles like Motley Fool’s “Why Robinhood Stock Just Crashed” have highlighted investor concern that a market slump or prolonged crypto downturn could reduce trading and hit profits, helping trigger November’s double‑digit daily drops. ^[50]

Coindesk, summarizing JPMorgan’s view after earnings, noted that:

Robinhood’s crypto revenue actually fell short of some expectations,
and that part of the profit beat may have been boosted by tax benefits, not only operating strength — even as the bank raised its HOOD price target to $130 on higher forecast volumes in crypto and prediction markets. ^[51]

4. Behavioral and political scrutiny around prediction markets

The rapid growth of Robinhood’s sports and event markets is drawing attention beyond Wall Street:

MarketWatch/Dow Jones coverage today discusses how football betting, sports wagers and prediction markets are blurring lines between investing and gambling, a theme that regulators and policymakers are increasingly focused on. ^[52]

If regulators decide that some prediction‑market products are too close to gambling or violate securities rules, Robinhood could face new limitations or compliance obligations, adding another layer of uncertainty.

Technicals and trading behavior: a high‑beta, options‑driven name

For active traders, today’s move fits a technical pattern that’s been building all year.

A mid‑November piece on Finviz described HOOD as: ^[53]

Down about 21% from its October 6 all‑time high,
Down roughly 15–16% in the quarter,
Yet up around 277% year over year,
Testing its 100‑day moving average as a key support level.

Options activity has skewed bearish recently, with elevated put/call ratios on near‑term contracts, according to that same report — yet the stock has often outperformed implied volatility expectations, making it a magnet for traders betting on sharp moves in either direction. ^[54]

Layer on top the newly launched 2x Robinhood ETF (HODU) and you get a name where:

Short‑term flows from retail traders, options desks and leveraged ETFs can all interact,
Making intraday swings like today’s ~6% jump a recurring feature rather than an exception.

What today’s HOOD move could mean for investors

Putting all of this together, here’s a balanced way to look at Robinhood stock as of November 24, 2025:

Bullish arguments reinforced today

Fundamentals are very strong: Q3 2025 showed doubling revenue, rapidly rising profits and robust user monetization. ^[55]
Platform scale is now enormous: platform assets have climbed above $330–$340 billion, and Robinhood has multiple $100M+ revenue streams beyond basic stock trading. ^[56]
Product velocity remains high: prediction markets, futures, crypto expansion, banking features and a forthcoming retail venture‑capital product are widening Robinhood’s addressable market. ^[57]
Wall Street isn’t bailing: consensus ratings sit around “Moderate Buy”, and average targets remain comfortably above today’s price, even after a volatile month. ^[58]
Institutional investors are still buying dips: Rhumbline and ARK are cited as adding HOOD exposure, reinforcing the idea that big money still sees long‑term potential. ^[59]

Bearish and cautious arguments also strengthened

Valuation is rich by almost any metric: multiple independent analyses today argue that HOOD trades at roughly twice peer‑group earnings multiples and may be significantly above some fair‑value estimates. ^[60]
Regulatory risk is real and unresolved: the SEC Wells Notice on the crypto business and the firm’s regulatory track record mean headline risk is not going away. ^[61]
Business is tied to speculative behavior: revenue leans heavily on options, crypto and prediction markets, all of which could shrink if markets calm down, regulation tightens or user enthusiasm cools. ^[62]
Volatility cuts both ways: last week’s 10%+ daily declines highlight that HOOD can erase months of “normal” returns in a few sessions. ^[63]

How to think about HOOD after today’s rally

For readers following HOOD on Google News or Discover, today’s bounce is less about a single new headline and more about a re‑pricing of risk vs. reward after a violent pullback:

Short‑term traders are likely to treat HOOD as a high‑beta vehicle for tech, crypto and Fed expectations — especially with an active options market and a new leveraged ETF in the mix. ^[64]
Long‑term investors may focus on whether Robinhood can:
- Sustain current growth in prediction markets and crypto,
- Expand successfully into banking and venture products,
- Navigate regulatory scrutiny without major restrictions or fines that dent profitability.

Given the mix of spectacular growth, elevated valuations, regulatory uncertainty and extreme volatility, HOOD is widely viewed as a high‑risk, high‑reward equity rather than a defensive holding.

Important note

This article is for information and news analysis only and does not constitute investment advice, a recommendation to buy or sell any security, or a prediction of future performance. Robinhood stock is highly volatile and may not be suitable for all investors. Anyone considering HOOD should do their own research and, if needed, consult a qualified financial adviser.

Charlie Munger on Robinhood: No one should believe that Robinhood's trades are free