As of December 9, 2025, Robinhood Markets, Inc. (NASDAQ: HOOD) is trading around $136 per share, giving the online broker a market capitalization in the $120–$125 billion range and a price-to-earnings ratio near 56–58. [1]
The stock has been one of the best-performing names in the S&P 500 in 2025. NerdWallet data shows Robinhood leading the index with a ~240% one‑year return and roughly 243% year‑to‑date gain as of early December, far ahead of other top performers like Western Digital and Palantir. [2] Other analyses put its 2025 gain closer to 260–270%, reflecting continued momentum into December. [3]
At the same time, Wall Street price targets and quantitative models now suggest a more mixed outlook, with some seeing modest upside and others expecting a pullback after the huge run.
This article walks through today’s price, latest news (as of December 9, 2025), earnings, and forecasts so you have a clear snapshot of where HOOD stands — and what could move the stock next.
(This is informational only and not financial advice.)
1. Robinhood (HOOD) Stock Snapshot on December 9, 2025
- Current price: about $136.43 per share (midday U.S. trading). [4]
- 52‑week range: roughly $29.66 – $153.86, showing just how explosive the rally has been in 2025. [5]
- Market cap: ~$122–127 billion. [6]
- P/E ratio: around 56–58, a premium valuation relative to the broader market. [7]
- Beta: about 2.4, meaning the stock historically moves more than twice as much as the overall market. [8]
- Index status: Robinhood joined the S&P 500 in 2025, after which the shares jumped double digits on the announcement. [9]
NerdWallet calls HOOD the best‑performing stock in the S&P 500 by one‑year return, up more than 240% over that period as of December 3, 2025. [10]
In short: HOOD is a high‑growth, high‑beta, richly‑valued stock that has already had a spectacular year.
2. Latest News Moving Robinhood Stock (December 2025)
2.1 Crypto expansion: staking, futures, tokens and “Robinhood Chain”
In early December, Robinhood rolled out a major wave of crypto features in both the U.S. and Europe:
- In the United States, the company:
- Launched staking for Ethereum (ETH) and Solana (SOL), including availability for customers in New York starting December 9.
- Expanded fee tiers for crypto trading from three to seven, with fees as low as 0.03% for high‑volume traders.
- Introduced more advanced tax tools, letting users manually add cost basis for crypto deposits to better track profit, loss and tax lots. [11]
- In Europe, Robinhood:
- Expanded perpetual crypto futures beyond Bitcoin and Ether to include XRP, SOL, DOGE and SUI, with leverage up to 7x for eligible users.
- Rolled out money‑market funds so customers can earn interest on idle cash.
- Announced plans to offer over 1,000 stock tokens linked to U.S. equities and ETFs.
- Is launching a web trading platform in Europe (previously mobile‑only). [12]
A detailed analysis from The Cryptonomist notes that Robinhood now has roughly $51 billion in crypto assets under custody and about $232 billion in notional crypto trading volume over the past 12 months, underscoring how central digital assets have become to its business. [13]
One of the more ambitious announcements: Robinhood Chain, a planned Layer‑2 blockchain built on Arbitrum, aimed at tokenizing both real‑world and digital assets. [14] If successful, this could deepen Robinhood’s positioning as an on‑ramp to tokenized finance — but it also pulls the company further into a still‑evolving regulatory landscape.
2.2 Indonesia acquisition and APAC expansion
On December 8–9, 2025, Robinhood announced that it will enter Indonesia by acquiring:
- PT Buana Capital Sekuritas (a local brokerage), and
- PT Pedagang Aset Kripto (a digital asset trading firm). [15]
Key points:
- Indonesia has around 19 million capital‑market investors and 17 million crypto traders, making it Southeast Asia’s largest market for both. [16]
- The transaction is expected to close in the first half of 2026, subject to regulatory approval from Indonesia’s Financial Services Authority. [17]
- Although the acquired firms have a small current client base, coverage notes emphasize that the deal gives Robinhood a regulatory foothold and local licenses in a strategically important market. [18]
This Indonesia push complements earlier UK and EU expansion and plans for a Singapore office to anchor its Asia‑Pacific operations. [19]
2.3 “This Year in Crypto 2025” and global positioning
Robinhood’s own year‑end recap of its crypto business highlights:
- Expansion across the entire EU and EEA after securing MiCA and MiFID approvals, making it one of the first platforms to operate under the new European crypto framework at scale. [20]
- Continued growth in crypto AUC and trading volumes, and the roll‑out of additional digital asset services. [21]
Together with the Indonesia deal, this paints a clear strategic picture: Robinhood wants to be a global, crypto‑centric trading and investing platform, not just a U.S. stock app.
2.4 Q3 2025 earnings: record revenue, strong profitability
On November 5, 2025, Robinhood reported record third‑quarter 2025 results:
- Total net revenue:$1.27 billion, up ~100% year‑over‑year.
- Net profit: about $556 million, up 44% versus Q2 and one of the most profitable quarters in company history. [22]
- Diluted EPS:$0.61, beating analyst expectations of around $0.41–$0.51 per share. [23]
- Funded customers: up to 26.8 million, roughly 10% year‑over‑year growth.
- Total platform assets: about $333 billion, up 119% year‑over‑year, helped by net deposits, higher equity/crypto prices, and acquisitions. [24]
- Net deposits:$20.4 billion in Q3 alone; about $68.3 billion over the last 12 months. [25]
Revenue growth was broad‑based:
- Transaction‑based revenue jumped 129% year‑over‑year to $730 million, driven by:
- Crypto revenue of $268 million, more than 300% higher than a year ago.
- Options revenue of $304 million, up about 50%.
- Equities revenue of $86 million, up roughly 132%. [26]
- Net interest revenue climbed 66% year‑over‑year to $456 million, supported by higher interest‑earning assets and margin balances. [27]
Analysts at outlets like Investing.com and FX News Group point out that Robinhood now has 11 distinct business lines each generating more than $100 million annualized, from trading to interest income to new products like prediction markets and Bitstamp‑powered crypto services. [28]
2.5 Prediction markets and entertainment betting
Robinhood is also pushing into event contracts and prediction markets:
- Q3 2025 event contracts traded more than doubled sequentially to 2.3 billion, with October alone hitting 2.5 billion contracts, more than the entire third quarter. [29]
- The company recently announced a joint venture with Susquehanna to operate a CFTC‑licensed exchange and clearinghouse for these markets, effectively institutionalizing its prediction‑market business. [30]
These products, which include contracts tied to sports, politics and entertainment awards, give Robinhood another high‑margin, high‑engagement revenue stream — but may also draw regulatory scrutiny over the line between trading and gambling. [31]
2.6 Insider, institutional and political flows
Several December 9 MarketBeat filings add color on who is buying and selling HOOD:
- WINTON GROUP Ltd increased its stake in Robinhood by 396% in Q2, now holding about 35,419 shares worth roughly $3.3 million. [32]
- StoneX Group Inc., by contrast, cut its position by 59.1% in the same period to about 5,713 shares. [33]
- Multiple large institutions, including Vanguard, Geode and Norges Bank, dramatically increased holdings earlier in 2025, helping push institutional ownership to over 93% of the float. [34]
Insiders, however, have been heavy sellers:
- MarketBeat notes insider sales totaling more than 4 million shares (~$525 million) in the past 90 days, including a 1.33 million‑share sale by co‑founder Baiju Bhatt and additional sizable sales by executives such as Steven Quirk and Daniel Gallagher. [35]
On the political side:
- Rep. Jonathan L. Jackson (D‑Illinois) disclosed purchasing between $15,001 and $50,000 of HOOD stock in early November, adding to prior buys in October. [36]
- Data compiled by QuiverQuant shows only purchases and no sales of HOOD by members of Congress over the past six months. [37]
These cross‑currents — institutional accumulation, insider selling, and some political buying — underline how debated the stock has become at current levels.
3. How Robinhood Makes Money in 2025
While Robinhood began as a commission‑free stock app, the 2025 numbers show a diversified fintech platform:
- Trading and transaction revenues
- Options and crypto are now the largest drivers, contributing roughly three‑quarters of transaction‑based revenue in the most recent quarter according to stock‑news analyses. [38]
- Equities, futures, and event contracts add additional volume and fees.
- Net interest income
- Earnings from margin lending, securities lending, and interest on customer cash rose 66% year‑over‑year in Q3 to $456 million. [39]
- Subscriptions and services
- Robinhood Gold subscribers grew about 77% year‑over‑year to ~3.9 million, adding stickier, recurring revenue via premium features, higher cash yields and retirement matching. [40]
- New lines: prediction markets, Bitstamp, wealth & banking
- Robinhood has added products such as Robinhood Banking, Robinhood Ventures, and Bitstamp‑powered crypto infrastructure, each targeting over $100 million+ annualized revenue, according to Q3 presentations. [41]
This diversification reduces dependence on pure trading volume — but crypto and derivatives still anchor the story, which cuts both ways.
4. Wall Street Ratings and HOOD Price Targets
4.1 Traditional analyst consensus
Different aggregators report slightly different consensus targets, but a few patterns stand out:
- MarketBeat:
- 23 analysts over the last year.
- Consensus rating: “Moderate Buy”.
- Average 12‑month price target: $136.95, essentially flat vs. the current price (~0.4% implied upside).
- Target range: $47 (low) to $180 (high). [42]
- StockAnalysis.com:
- 21 covering analysts.
- Consensus rating: “Buy”.
- Average target $119.62, implying about –12% downside from recent levels, with the same $47–$180 range. [43]
- Benzinga analyst summary:
- Based on 25 analysts, consensus target is about $123.35.
- High target of $180 (Citizens, Nov 2025) and low target of $47 (J.P. Morgan, May 2025). [44]
Recent notable ratings include:
- Needham reiterating a Buy rating with a $145 price target on December 5, 2025. [45]
- Multiple other firms — Citizens, Barclays, Cantor — with targets clustered in the $155–$180 range. [46]
4.2 More bullish aggregators
A few services paint a more optimistic picture:
- TickerNerd (30 analysts):
- Median price target $155, implying ~13.6% upside from $136.43.
- Overall rating: “Strong Buy” with 16 Buy, 5 Hold, 2 Sell ratings. [47]
- Some qualitative pieces (Motley Fool, Zacks, etc.) continue to highlight Robinhood as a top growth stock, despite acknowledging volatility and crypto dependence. [48]
4.3 Quant and algorithmic forecasts
Quant‑driven platforms show how volatile expectations are:
- Intellectia.ai:
- Sees HOOD as a “Strong Buy candidate” based on technical trends, but its pattern‑matching model forecasts about a –8.6% price move over the next month, with a one‑month target around $120.55 (as of December 7, 2025). [49]
- For 2026, its probabilistic projections place HOOD mostly in the $80–$130 trading range, with a December 2026 average forecast near $97 — well below today’s price. [50]
- It also notes a short‑sale ratio of ~35%, suggesting a significant population of traders betting against the stock. [51]
- Intellectia estimates HOOD’s December “win rate” (historical probability of a positive month) at only ~40%, hinting that the year‑end period has not always been friendly to the stock historically. [52]
Bottom line on forecasts:
- Human analysts generally lean positive, with consensus somewhere between slight downside and mid‑teens upside over 12 months. [53]
- Some quantitative models highlight elevated short interest and a risk of near‑term pullback after the huge rally. [54]
- All of them agree that uncertainty is high: the target range from $47 to $180 is enormous.
5. Why Bulls Like Robinhood Stock
Several recent analyses and earnings reviews outline a strong bull case for HOOD: [55]
- Explosive growth and profitability
- Q3 2025 revenue up 100% year‑on‑year, net income up sharply, and margins expanding.
- Adjusted EBITDA margins above 50% point to a business that can scale profitably.
- Crypto super‑cycle leverage
- Crypto trading volumes surged more than 400% year‑over‑year, and Robinhood now custodies around $51 billion in crypto assets. [56]
- If the crypto bull market continues, HOOD’s earnings could grow faster than traditional brokers.
- Product velocity and ecosystem “stickiness”
- Global expansion optionality
- Deepening presence in Europe, imminent web platform rollout there, and the Indonesia acquisition create a path to a more international revenue mix. [59]
- Index inclusion and institutional ownership
- Retail brand and demographic advantage
- With 26.8 million funded accounts, many of them younger investors, Robinhood has a strong brand with a demographic that could invest for decades. [62]
From this vantage point, bulls see HOOD as a leveraged bet on the next generation of trading, crypto and tokenization, with strong operating leverage if growth continues.
6. Risks and Bear Arguments
The bears — and some cautious bulls — point to several important risks. [63]
- Premium valuation and high expectations
- Dependence on crypto and options
- Crypto and options trading account for a large majority of transaction‑based revenue, meaning HOOD’s fundamentals are tightly linked to risk‑on sentiment and asset prices. [66]
- If the crypto market corrects aggressively, trading volumes — and profits — could fall quickly.
- Regulatory risk
- Robinhood’s expansion into crypto staking, perpetual futures, stock tokens and prediction markets operates at the frontier of regulation in both the U.S. and Europe. [67]
- Regulatory changes around crypto, DeFi, tokenization, or event contracts could impact growth or margins.
- Short interest and volatility
- Insider selling
- Large insider sales in recent months — including more than $170 million worth of shares from co‑founder Baiju Bhatt and multi‑million‑dollar sales from other executives — may signal that management views the current valuation as rich, or simply wants to diversify. [70]
- Competition
- Robinhood faces intense competition from traditional brokers, other zero‑commission apps, and crypto‑native exchanges — many of which are also expanding globally and into tokenization.
Put simply, HOOD is not a conservative stock. It’s a high‑beta call option on retail trading, crypto and global tokenization, with risks to match.
7. What Could Move HOOD Next?
Looking ahead from December 9, 2025, several catalysts could move Robinhood stock in either direction: [71]
- Crypto market direction
- Sustained strength in major coins could keep trading volumes elevated.
- A deep crypto drawdown could hit both volumes and sentiment hard.
- Regulatory developments
- Implementation and interpretation of MiCA in Europe.
- U.S. actions around staking, futures, tokenization and prediction markets.
- Any new rules affecting payment for order flow or retail trading.
- Execution on new products
- Adoption of staking, stock tokens, money‑market funds, and Robinhood Chain.
- Growth of prediction markets and entertainment betting as mainstream products rather than niche curiosities.
- Global expansion milestones
- Regulatory approvals and ramp‑up of the Indonesia acquisition.
- Progress on the Singapore office and broader APAC strategy.
- Future earnings reports
- Whether Robinhood can sustain triple‑digit revenue growth and margin expansion in 2026, or whether growth normalizes.
- Valuation reset or melt‑up
- With analysts’ targets clustered between roughly $120 and $155 and quant models showing both strong technicals and elevated downside risk, HOOD could be prone to sharp corrections or blow‑off rallies on relatively small pieces of news. [72]
8. Is Robinhood (HOOD) Stock a Buy, Hold or Sell Today?
There is no single answer, and this article cannot give personalized advice. But the current picture looks roughly like this:
- Bullish factors
- Caution flags
If you’re evaluating HOOD, some practical questions to ask yourself might include:
- Time horizon: Can you tolerate multi‑year volatility, including potential 40–60% drawdowns?
- Risk tolerance: Are you comfortable owning a stock whose fortunes are closely tied to crypto and speculative trading activity?
- Portfolio fit: Is HOOD a small speculative position, or a core holding? For many investors, it may make more sense as a high‑risk satellite position rather than a portfolio anchor.
Always consider speaking with a qualified financial advisor and doing your own deep research before making investment decisions.
References
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