Robinhood Markets (Nasdaq: HOOD) is one of the hottest crypto stocks. Added to the coveted S&P 500 index in September, the stock has gained nearly 250% since January 1, 2025.
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American stock exchange, Robinhood allows traders to access stocks, funds, cryptocurrencies, etc. Its high-profile launch of tokenized stocks in late June created a lot of buzz but also attracted scrutiny.
Under the leadership of co-founder and CEO Vlad Tenev, Robinhood is also branching out into prediction markets. The platform announced that it will add more than 100 new event contracts in the coming weeks.
Political forecasts are the first category available for trading on Robinhood, where you can trade forecasts on key events like tariffs, Fed policy, spending cuts, and more.
The company’s stock hit a new all-time high (ATH) of 153.86 on October 6, and three days later, an analyst raised HOOD’s price target by 30%.
On October 9, Citizen JMP’s Devin Ryan raised the e-commerce company’s price target from $130 to $170 and reiterated an “Outperform” rating.
Since April’s lows, market activity has rebounded on robust institutional trading and strong flows into wealth management, leading capital markets and fintech stocks up 30% to 50% since then, Ryan wrote in his research note.
The analyst admitted, however, that some of these companies could be overvalued as several sub-sectors hit multi-year highs. He expects a dispersion of performance, which indicates the importance of choice.
HOOD stock closed at $129.91 on October 17, down 1.16% in one day.
This story was originally reported by TheStreet on October 19, 2025, where it first appeared in the Investing section. Add TheStreet as your preferred source by clicking here.
