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Investing.com - CICC initiated coverage on Robinhood Markets (NASDAQ:HOOD) with an Outperform rating and a $155.00 price target on Monday. The stock, currently trading at $147.24, has delivered an impressive 248% return year-to-date, according to InvestingPro data.
The investment firm highlighted Robinhood’s success in catering to active traders through its user-friendly platform and commission-free trading services. As of the end of the first half of 2025, Robinhood had accumulated 26.5 million customers with total client assets reaching $278.6 billion. The company’s financial health score of "GREAT" on InvestingPro reflects its strong market position, with revenue growing 59% year-over-year.
CICC noted Robinhood’s leadership in digital asset trading services in the United States, including the launch of digital asset-based ETFs, staking services, and tokenized products in Europe. The company has expanded globally through acquisitions such as Bitstamp and WonderFi, while also developing applications like Robinhood Connect and Robinhood Wallet.
The research firm pointed to improving per-customer economics, with per-customer profit surging 282% year-over-year to $70 in 2024. This growth stems from strong products and differentiated features boosting per-customer revenue, while improved operating efficiency has reduced costs.
CICC views Robinhood as positioned to evolve into a comprehensive wealth management platform with an increasingly diversified revenue structure driven by acquisitions, product innovation, expansion of business lines, and accelerated exploration of global markets. While trading at premium multiples with a P/E of 74.5, InvestingPro analysis suggests the stock is currently overvalued. Subscribers can access 10+ additional ProTips and detailed valuation metrics in the comprehensive Pro Research Report.
In other recent news, Robinhood Markets has been the focus of several significant developments. Compass Point raised its price target for Robinhood to $161, maintaining a Buy rating, with third-quarter EBITDA forecasts exceeding consensus estimates by 6%. Citizens also increased its price target for Robinhood to $170, citing potential earnings per share upside to $0.62, above the consensus estimate of $0.49. The acquisition of WonderFi Technologies by Robinhood has been postponed to the first half of 2026 due to additional development work and regulatory approvals. Meanwhile, Robinhood is exploring potential acquisitions in the prediction markets sector, signaling interest in expanding its asset class offerings. Furthermore, CleanCore Solutions announced its partnership with Robinhood, accumulating over 710 million Dogecoin tokens in its treasury, with unrealized gains surpassing $20 million. These recent developments highlight Robinhood’s strategic moves and financial outlook as it navigates various opportunities and challenges.
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