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Robinhood shares jump 8.2% on Bitcoin rally and strong Q2 earnings beating estimates

Market News
26 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Robinhood's stock rose 8.2% to $112.09 driven by Bitcoin's recovery above $80,000 and optimism over potential removal of U.S. day-trading restrictions, which could boost retail trading volumes. The company reported Q2 earnings of $0.62 per share, surpassing the $0.44 consensus, with revenue up 32.5% year-over-year to $1.31 billion. Bernstein analysts highlight Robinhood's fast-growing event contracts segment, projecting volumes could reach $1 trillion annually by 2030. Analysts maintain a strong buy consensus with an average price target around $123.58, reflecting confidence in Robinhood's growth prospects amid expanding crypto and prediction market activities.

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