Robinhood Markets (Nasdaq: HOOD) is one of the hottest crypto stocks. Added to the much-coveted S&P 500 index in September, the stock has gained nearly 250% since Jan. 1, 2025.
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An American trading exchange, Robinhood lets traders access stocks, funds, cryptocurrencies, etc. Its much-publicized launch of tokenized stocks in late June created a lot of buzz but also invited scrutiny.
Under the leadership ofco-founder and CEO Vlad Tenev,Robinhood is also foraying into prediction markets. The platform said it is adding more than 100 new event contracts in the coming weeks.
Political predictions are the first category to be available for trading on Robinhood where you can trade predictions for key events like tariffs, Fed policy, spending cuts, etc.
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The company’s stock hit a new all-time high (ATH) of 153.86 on Oct. 6, and three days later, an analyst raised the price target on HOOD by 30%.
On Oct. 9, Devin Ryan from Citizen JMP raised the e-trading company’s price targetfrom $130 to $170 and reiteratedan “Outperform” rating.
Since the April lows, the market activity has rebounded withrobust institutional trading and strong flows in wealth management which has led tocapital markets and financial technology stocks surging 30%-50% since then,Ryan wrote in hisresearchnote.
However, the analyst admitted that some of these companies could be overvalued as several subsectors are hitting multi-year highs. He expected performance dispersion which indicates the importance of choice.
The HOOD stock closed at $129.91 on Oct. 17, down 1.16% in a day.
This story was originally reported by TheStreet on Oct 19, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
