NEW YORK, July 6, 2026, 18:05 (EDT)
- Robinhood Markets, Inc. NASDAQ:HOOD last traded at $117.55, up 4.3%. That put HOOD ahead of Coinbase Global, Inc. NASDAQ:COIN, Invesco QQQ Trust NASDAQ:QQQ, and SPDR S&P 500 ETF Trust NYSEARCA:SPY.
- Robinhood’s June 1-25 numbers put June event contracts at around 6.2 billion on a straight-line run-rate, or roughly 60% higher than May.
- Shares are trading close to or over some consensus price targets now. The next test comes with the Q2 report on July 29.
Robinhood Markets, Inc. NASDAQ:HOOD climbed 4.3% to $117.55 late Monday, with shares trading at the high end of their $111.18 to $118.61 range. That move topped Coinbase Global, Inc. NASDAQ:COIN, which added 2.0%. Invesco QQQ Trust NASDAQ:QQQ was up 1.4% and SPDR S&P 500 ETF Trust NYSEARCA:SPY gained 0.8%. Bitcoin was up 2.1%.
Nasdaq’s regular trading hours are 9:30 a.m. to 4:00 p.m. ET, with after-hours till 8:00 p.m. ET. The New York timestamp comes after the regular session. The exchange was closed July 3 for Independence Day.
Robinhood’s own June trading numbers are getting some attention. On June 26, the company reported that for June 1-25, equity notional volume ran at about $343 billion. Options contracts during the same period hit around 274 million, crypto notional was about $14 billion, and event contracts about 5.2 billion. That’s up from May, which saw $315.3 billion in equity, 231.1 million options contracts, $12.2 billion crypto notional and 3.9 billion event contracts.
| Robinhood activity | May actual | June through June 25 | Straight-line June estimate | Change vs May |
|---|---|---|---|---|
| Equity notional | $315.3 bln | $343 bln | ~$400 bln | +27% |
| Options contracts | 231.1 mln | 274 mln | ~320 mln | +38% |
| Crypto notional | $12.2 bln | $14 bln | ~$16.8 bln | +38% |
| Event contracts | 3.9 bln | 5.2 bln | ~6.2 bln | +60% |
The estimates are based on 21 equity and options trading days and 30 calendar days for crypto and event contracts in June. Robinhood said these June numbers are preliminary, unaudited, and full June operating data will be available with Q2 results.
The reason is that event contracts, not crypto, are leading the run-rate gains. In May, Robinhood App crypto notional dropped 50% from last year. But average daily volume in event contracts was up 18% from April. Numbers from June 1-25 show the pace picking up into the quarter-end.
Robinhood said last week it’s set to release Q2 earnings after the bell July 29. Chairman and CEO Vlad Tenev and CFO Shiv Verma plan to hold a call at 5 p.m. ET.
The stock’s recent gains are starting to show up in new analyst targets. MarketBeat reports an average target of $115 based on 25 analysts, in a range from $65 to $155. Public.com shows a $117.05 average from 21 analysts. Mizuho bumped its target up to $130 on July 2, according to MarketBeat, while BTIG Research stuck with its $125 call on June 30.
| Forecast gauge | Target / range | Implied move from $117.55 |
|---|---|---|
| MarketBeat average across 25 analysts | $115.00 | -2.2% |
| Public.com 21-analyst estimate | $117.05 | -0.4% |
| Mizuho target set July 2 | $130.00 | +10.6% |
| BTIG target from June 30 | $125.00 | +6.3% |
| Highest MarketBeat forecast | $155.00 | +31.9% |
Verma said last month, after Robinhood wrapped its $2.2 billion zero-coupon convertible note deal due 2029, that “our business continues to grow rapidly.” Robinhood put about $290 million of the proceeds toward buying back 2.743 million shares, and $123.2 million went to capped calls. The company said it doesn’t see net dilution from the notes unless the stock jumps above $303.95, which is around 159% higher than where shares ended Monday. GlobeNewswire
Tenev is talking up Robinhood’s AI trading push as a fresh pillar for the business. “The idea behind agentic trading [is] every capability a human can do will be available to an AI agent,” he told CNBC, according to AI Magazine. AI Magazine
Costs are still in focus. Robinhood said in June it’s laying off 10% of its full-time staff, or around 290 jobs, and expects to take about $28 million in restructuring charges for the second quarter. Citizens JMP Securities’ Devin Ryan wrote, per Reuters, that technology is helping Robinhood keep “a flatter, more productive structure.” Reuters
July 29’s report will say if late June’s volume uptick translated into revenue. Investors will also get a look at whether event contracts are getting big enough for Robinhood to be more than just a bet on rates, equity, and crypto trading volume.
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