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.
Options trading surged above average on stocks favored by retail investors, including Robinhood, Palantir, Tesla, and SpaceX. Traders are buying calls at least twice as much as puts, signaling strong bullish sentiment amid low market volatility, with...
SoFi Technologies and Affirm Holdings stocks fell 4% and 5% respectively due to a global bond selloff pushing long-term Treasury yields to one-year highs, which increases funding costs and pressures loan valuations for lenders. SoFi's diversified loa...
Robinhood Markets' stock is rated Hold as its valuation seems fair and technical indicators suggest price consolidation. The company reported strong Q2 results with GAAP EPS of $0.62 beating expectations, 33% year-over-year revenue growth, and 28.4 m...
Robinhood Markets, Inc. was upgraded to a Buy rating following its strong Q2 FY26 results, which showed 32% year-over-year revenue growth. The company saw significant increases in Transaction and Net Interest Revenues, along with a 54% rise in Other ...
