Robinhood Markets, Inc. (NASDAQ: HOOD) remains one of 2025’s most closely watched stocks. After a spectacular earnings year, a sharp pullback in November and a fresh bounce tied to Bitcoin’s recovery, investors are asking the same question: is Robinhood stock still a buy at these levels — or has it run too far, too fast?
This article rounds up the most important news, forecasts, and analyses as of December 3, 2025, and explains what they might mean for Robinhood’s next move. It is informational only and not investment advice.
1. Robinhood stock today: price, move and valuation
As of the close on December 3, 2025, Robinhood stock trades around $132 per share, up roughly 5% on the day. Intraday, the stock has ranged between about $124 and $132, giving the company a market capitalization of roughly $127 billion and a trailing P/E ratio near 58.
According to data compiled by MarketBeat, Robinhood’s 52‑week trading range spans from about $29.66 at the low to $153.86 at the high. [1]
A recent StockStory/Finviz report notes that:
- HOOD is up roughly 230%+ in 2025,
- the stock has experienced over 60 daily moves greater than 5% in the past year,
- and it currently trades about 14% below its 52‑week peak near $152 reached in October. [2]
In other words, Robinhood is no longer a beaten‑down turnaround story — it’s priced like a high‑growth, high‑volatility winner.
2. Q3 2025 earnings: a breakout year for profits
The core backdrop for HOOD’s 2025 rally is a blowout earnings year.
In its Q3 2025 results, released on November 5, Robinhood reported: [3]
- Total net revenues:$1.27 billion, up 100% year over year and 29% quarter over quarter
- Transaction-based revenues:$730 million, up 129% YoY
- Net interest revenue:$456 million, up 66% YoY
- Other revenue:$88 million, up 100% YoY
- Net income:$556 million, up 271% YoY
- Diluted EPS:$0.61 vs. $0.17 a year ago
Over the first nine months of 2025, total revenue climbed to $3.19 billion, up 65% year over year, with net income up 158% to $1.28 billion. [4]
A separate recap from FX News Group highlights that Q3 was Robinhood’s second most profitable quarter ever, with profit up 44% vs. Q2 2025 and revenues up 29% quarter over quarter. [5]
Customer and product metrics
A breakdown from The Motley Fool adds more colour: [6]
- Robinhood now has 26.8 million funded customers, having added about 2.5 million in the past year (roughly 10% growth).
- The premium Robinhood Gold membership is a standout: the platform added 1.7 million new Gold members, a 77% increase, and these customers pay annual fees and trade more actively.
- Cryptocurrency trading revenue surged about 300% year over year to $268 million in Q3.
- Options trading revenue grew roughly 50% YoY, and equities trading revenue rose about 132% YoY, to around $86 million.
Put together, options and crypto account for the majority of transaction-based revenue. One recent note pointed out that these categories made up around 78% of transaction‑related revenue in the latest quarter, underlining just how much Robinhood’s business still leans on speculative trading. [7]
3. November sell‑off and December rebound: the Bitcoin connection
Despite stellar earnings, Robinhood’s share price fell about 13% in November, according to a report by The Motley Fool. [8]
The key reasons cited:
- Crypto reliance: The company’s growth has been heavily driven by cryptocurrency trading, which can evaporate quickly when digital assets fall out of favour.
- High valuation: With the stock trading at a P/E above 50, expectations leave little room for disappointment.
- Crypto slump: Several large cryptocurrencies slid sharply in November, hurting trading volumes and spooking investors about Robinhood’s near‑term revenue trajectory. [9]
December 3, 2025: Bitcoin’s comeback lifts HOOD
The tone has flipped again in early December:
- Bitcoin has rebounded above $91,000–93,000, powering a rally in crypto‑linked stocks. [10]
- A fresh StockStory piece notes that HOOD jumped about 3–4% intraday on December 3 as Bitcoin bounced, before settling near $131.50, about 4% above the prior close. [11]
- The article also emphasizes that the market increasingly treats Robinhood as a “proxy for crypto sentiment.” [12]
A Barron’s pre‑market wrap likewise listed Robinhood among the day’s notable movers, with crypto’s strength supporting HOOD alongside other digital‑asset plays. [13]
In short: crypto volatility is still the main short‑term driver of HOOD’s daily moves. When Bitcoin rallies, Robinhood tends to follow — and vice versa.
4. Product innovation: futures, prediction markets, tokens and blockchain
Part of the bull case for Robinhood is that it’s rapidly evolving beyond a basic commission‑free brokerage.
Futures and pro‑trader tools
At its 2025 “HOOD Summit,” Robinhood unveiled powerful new tools for active traders, including access to 40+ CME Group futures contracts — such as S&P 500, oil, Bitcoin and gold — marketed with the appeal of no pattern day‑trader (PDT) rules and simpler mechanics than options (no Greeks, no time decay). [14]
This pushes Robinhood deeper into derivatives and round‑the‑clock trading, potentially increasing both revenue per user and the platform’s risk profile.
YES/NO and entertainment-style prediction markets
In a recent “Robinhood Presents: YES/NO” event, CEO Vlad Tenev showcased new AI‑driven features and prediction‑market style products, giving users ways to trade on binary outcomes rather than just stock prices. [15]
Meanwhile, FX News Group has highlighted Robinhood’s expansion into entertainment betting on events such as the Grammys, Oscars and TIME Person of the Year, further blurring the line between investing and betting‑style markets. [16]
These moves could:
- Deepen engagement among Robinhood’s core user base
- Create new fee and spread revenue streams
- Attract regulatory scrutiny, especially around gambling and financial promotion rules
Stock tokens, L2 blockchain, crypto expansion
In mid‑2025, Robinhood announced a major crypto initiative: launching “stock tokens,” unveiling its own Layer‑2 blockchain and expanding its crypto suite in the US and EU with perpetual futures and staking products. [17]
That positions Robinhood as:
- A tokenization platform (bridging traditional equities and blockchain)
- A derivatives venue via perpetual futures
- A yield platform via staking
Combined with earlier product rollouts — such as fractional shares, recurring investments and cash management — the company is clearly trying to evolve into a full‑stack trading and wealth platform, not just a meme‑stock app. [18]
5. Wall Street’s view: mostly bullish, but with wide dispersion
Analysts are broadly positive on Robinhood, but they don’t agree on how much upside is left at current prices.
Consensus price targets and ratings
- StockAnalysis (using Finnhub/Benzinga data)
- 21 analysts issuing 12‑month price targets
- Average target:$119.62, implying ~10% downside from around $132
- Target range:$47 (low) to $180 (high)
- Overall consensus rating: “Buy”
- Analysts project revenue to rise from $2.95B in 2024 to $4.34B in 2025 (+46.9%), and then to $5.24B in 2026 (+20.9%), with EPS growing from $1.56 (2024) → $1.89 (2025) → $2.30 (2026). [19]
- Benzinga analyst‑ratings dashboard
- 25 analysts covered
- Consensus rating: roughly “Buy” (score ~3.8/5)
- Consensus price target:$123.35
- High target:$180 (Citizens, Nov 7, 2025)
- Low target:$47 (J.P. Morgan, May 1, 2025)
- The three most recent calls (Needham, Citizens, Barclays) have an average target of $164.33, implying ~24% upside from the price when issued. [20]
- MarketBeat
- Notes a “Moderate Buy” consensus, with 23 analysts and an average target of about $136.95.
- That represents a modest 3–4% upside from a reference price near $132.45, again with a high target of $180 and low of $47. [21]
- TipRanks
- 21 Wall Street analysts over the last three months
- Average 12‑month target:$151.63
- Range:$68–$181
- The average target implies roughly 23% upside relative to a recent price around $123. [22]
- TickerNerd
- Aggregating 30 analysts, it shows a median price target of $155, with estimates spanning $86–$180.
- With Robinhood recently trading near $126 at the time of that analysis, the median target suggested about 23% upside and an overall “Strong Buy” rating (8.1/10). [23]
Takeaway from the analyst community
- Ratings: Most traditional Wall Street research desks still rate Robinhood Buy or Strong Buy, reflecting confidence in its profit growth, expanding product set and strong margins.
- Targets: Price targets cluster in a wide band between roughly $120 and $170, with some outliers as low as $47 and as high as $180.
- Valuation sensitivity: The more conservative datasets (like the StockAnalysis consensus) suggest the stock may be priced ahead of fundamentals, while more aggressive shops (like TipRanks’ coverage set and TickerNerd’s panel) see double‑digit upside remaining.
6. Technical and quant signals: mixed near‑term outlook
While fundamental analysts lean bullish, some technical and quant models are more cautious.
Below the 50‑day moving average
Investor’s Business Daily recently grouped Robinhood with stocks such as Tesla, Nvidia and Palantir that, despite strong rebounds from November lows, remain below their 50‑day moving averages. The article argues that until these names reclaim that key trendline with conviction, their ability to lead a sustained market rally is in doubt. [24]
That fits with the November pullback: the stock corrected sharply after an overheated run, and technically minded traders are now watching for a decisive breakout back above the 50‑day line as a sign of renewed momentum.
AI/quant forecast: “Strong Sell” in the short term
Quant platform Intellectia.ai currently flashes a much more bearish short‑term signal: [25]
- 1‑day prediction: small negative move
- 1‑week prediction: modest downside
- 1‑month prediction: further decline, to around $124
- 2026 projection: about $96.99 (roughly –23% vs. recent levels)
- 2030 projection: dramatically higher, around $503, implying very large long‑term upside in its model
- Overall rating:“Strong Sell” in the near term, citing negative signals and a falling trend
This illustrates a key tension: fundamentals and long‑term narratives look strong, but shorter‑term price action and quant screens are flashing caution.
7. Ownership and insider activity: big gains, big selling
Institutional and insider behaviour around HOOD has become an important part of the story.
Hedge‑fund moves
A MarketBeat piece on December 3 reports that Edgestream Partners L.P. cut its Robinhood stake by about 50.2% in Q2, selling 59,361 shares and retaining 58,889 shares worth roughly $5.5 million. [26]
Several other funds made smaller adjustments, but in aggregate, hedge funds and institutional investors still own over 93% of Robinhood’s float, underscoring how widely held the stock has become among professional investors. [27]
Heavy insider selling
The same report highlights significant insider selling over the past three months: [28]
- Co‑founder and director Baiju Bhatt sold 1.33 million shares on November 7 at an average price of about $128.47, cashing out roughly $170.9 million.
- Insider Steven Quirk sold 48,350 shares at an average price around $140.61, trimming his holdings by about 40%, though he still owns over 70,000 shares.
- In total, insiders have sold about 3.94 million shares, worth more than $500 million, in the last three months.
- Even after these sales, insiders still own nearly 20% of the company.
Heavy insider selling doesn’t automatically mean the stock is overvalued — founders often diversify after large gains — but combined with the big 2025 rally, it’s a data point valuation‑focused investors will not ignore.
8. Key risks heading into 2026
Even bullish analysts stress that Robinhood carries higher‑than‑average risk. The main pressure points:
- Crypto and options dependence
With options and crypto representing the bulk of transaction revenue, a prolonged downturn in speculative trading could hit both top line and earnings quickly. [29] - High valuation
Across data providers, Robinhood trades at 50–60x trailing earnings and a very high price‑to‑sales multiple (TickerNerd pegs it above 26x sales, with net margins around 50%+). [30]
At these levels, even a small miss on growth or margins could trigger another sharp correction. - Regulatory scrutiny
The move into entertainment betting, prediction markets and tokenization puts Robinhood in the crosshairs of securities regulators, gambling authorities and consumer‑protection bodies worldwide. The FX News Group coverage of Robinhood’s legal tussles with Nevada gaming regulators over betting products hints at how complex that landscape could become. [31] - Market‑cycle risk
Robinhood thrives in bull markets and speculative frenzies — exactly the environment of 2025. If risk appetite cools, trading volumes and new account growth could fall sharply, as they did after the 2021–2022 meme‑stock boom. - Execution and competition
Robinhood is competing head‑on with established brokers, neobanks and crypto‑native platforms. From Coinbase in crypto to legacy firms offering zero‑commission trades, the moat is not guaranteed.
9. Is Robinhood stock a buy right now?
Putting everything together:
Bullish arguments
- Explosive earnings growth: Revenue up 100% YoY and net income up 271% in Q3 2025, with very high margins. [32]
- Powerful product flywheel: Futures, prediction markets, tokenization, staking, entertainment betting and AI tools deepen engagement and create multiple monetization levers. [33]
- Wall Street support: Most analyst sets still cluster around “Buy” or better, with many targets suggesting low‑double‑digit to mid‑20% upside over the next year. [34]
- Structural tailwinds: Tokenization, 24/7 trading, and the ongoing shift of younger investors toward mobile‑first platforms all play to Robinhood’s strengths.
Bearish arguments
- Valuation risk: The stock trades at growth‑stock multiples that assume continued hyper‑growth and very high profitability. [35]
- Crypto and options exposure: Earnings are still highly sensitive to crypto prices and speculative activity, as November’s 13% drawdown showed. [36]
- Insider and hedge‑fund selling: Founders and funds have locked in massive profits, which some investors interpret as a vote of caution on future returns from current levels. [37]
- Technical and quant warnings: HOOD remains below key moving averages and is flagged as a short‑term “Strong Sell” by at least one AI‑driven model, despite long‑term bullish projections. [38]
What this means for different investors
- Short‑term traders may see HOOD as a high‑beta way to trade Bitcoin and risk sentiment, with catalysts in every crypto move and product announcement — but must be prepared for large daily swings.
- Growth‑oriented investors might focus on Robinhood’s earnings momentum, margin profile and product expansion, while accepting valuation and regulatory risk.
- Value or risk‑averse investors may decide the current multiples and heavy dependence on speculative trading leave too little margin of safety, especially after a multi‑hundred‑percent rally.
References
1. www.benzinga.com, 2. finviz.com, 3. www.globenewswire.com, 4. www.globenewswire.com, 5. fxnewsgroup.com, 6. www.nasdaq.com, 7. finviz.com, 8. www.nasdaq.com, 9. www.nasdaq.com, 10. www.barrons.com, 11. finviz.com, 12. finviz.com, 13. www.barrons.com, 14. robinhood.com, 15. robinhood.com, 16. fxnewsgroup.com, 17. robinhood.com, 18. www.robinhood.com, 19. stockanalysis.com, 20. www.benzinga.com, 21. www.marketbeat.com, 22. www.tipranks.com, 23. tickernerd.com, 24. www.investors.com, 25. intellectia.ai, 26. www.marketbeat.com, 27. www.marketbeat.com, 28. www.marketbeat.com, 29. www.globenewswire.com, 30. tickernerd.com, 31. fxnewsgroup.com, 32. www.globenewswire.com, 33. robinhood.com, 34. www.benzinga.com, 35. tickernerd.com, 36. www.nasdaq.com, 37. www.marketbeat.com, 38. www.investors.com
