Robinhood's joint venture Rothera, approved by the Commodity Futures Trading Commission to offer football contracts, is expected to see increased trading volume ahead of the football season. Analyst Patrick Moley from Piper Sandler notes that since Rothera's launch in June, about 23% of prediction market volume has shifted from Kalshi to Rothera. The strong engagement during the World Cup suggests a significant boost in Robinhood's prediction market revenue for the upcoming NFL and NCAA football seasons. Piper Sandler raised its earnings forecasts and price target for Robinhood, anticipating around $320 million in revenue from prediction markets in the last quarter of 2026.
Robinhood's stock has dropped 11% in 2026, underperforming the broader market which rose 13% and its major rival Interactive Brokers which surged 31%. This decline highlights company-specific challenges despite Robinhood's recent move to offer 24-hou...
SoFi stock fell 6% following a buy rating from StoneX due to rising long-term interest rates that threaten its lending margins. The fintech's advantage of holding customer deposits offers cheaper funding, but higher rates squeeze the profit gap betwe...
Truist Financial has increased its price target for Robinhood Markets from $130 to $134, suggesting a potential 22% gain from current levels around $110. This reflects a more optimistic outlook on Robinhood's position in the competitive digital inves...
Robinhood CEO Vlad Tenev sold $42.6 million in shares under a pre-set trading plan, while Cathie Wood's ARK Invest sold $38 million more as part of portfolio cuts. These sales do not indicate a negative outlook on Robinhood's business, which recently...
