Robinhood Markets (HOOD) shares rose 6.82% to $75.97 as analysts from Barclays and Goldman Sachs highlighted the company's 'super-app' pivot as a key long-term growth driver. The stock successfully rebounded from a post-earnings decline caused by an initial 38% drop in crypto revenue.
- Launched 'Robinhood Chain' to facilitate 24/7 trading of tokenized assets, further diversifying the platform's core offerings.
- Reached a milestone of 4.2 million Gold subscribers under the leadership of new CFO Shiv Verma.
- The firm's strategy focuses on stabilizing margins and maturing beyond its 'meme-stock' origins through expanded financial services.