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Investing.com - Piper Sandler has reiterated an Overweight rating and $120.00 price target on Robinhood Markets (NASDAQ:HOOD), currently trading at $118.50, following announcements at the company’s 2025 HOOD Summit in Las Vegas. The stock has surged over 500% in the past year and is trading near its 52-week high of $118.70. According to InvestingPro, the company boasts impressive revenue growth of 59% year-over-year.
The two-day active trader summit featured keynote presentations from CEO Vlad Tenev and Chief Brokerage Officer Steve Quirk, who unveiled several new trading features coming to the platform.
Robinhood announced short selling capabilities will launch in the coming months, while futures trading on the Robinhood Legend active trader platform launched Tuesday during the event.
The company revealed plans for overnight index option trading, scheduled for early 2026, alongside new AI capabilities integrated into the app for creating custom indicators and performing custom screenings, set to launch early next year.
Robinhood also introduced "Robinhood Social," a social trading platform where users can "see trades unfold live, discuss strategies, and see traders’ real performance," with an expected launch in early 2026.
In other recent news, Robinhood Markets announced a significant achievement with its total platform assets reaching $298 billion by the end of July 2025, marking a 106% increase compared to the previous year. The company also reported having 26.7 million funded customers, with a net addition of 160,000 new customers in July alone. In addition, Cantor Fitzgerald raised its price target for Robinhood to $128, citing a strong performance in July where equity volumes and option contracts exceeded expectations. Robinhood’s stock has also been positively impacted by Bernstein SocGen Group’s reaffirmation of its Outperform rating and a price target of $160.
Further developments include Robinhood’s partnership with the Dogecoin Foundation’s House of Doge, where Bitstamp by Robinhood will serve as the trading venue for the Official Dogecoin Treasury. This partnership aims to enhance stability and transparency within the Dogecoin ecosystem. Additionally, Robinhood has launched new football prediction markets, allowing users to trade on outcomes of professional and college football games through its app. This move has set Robinhood apart from competitors like DraftKings and Flutter Entertainment. These recent developments highlight Robinhood’s ongoing evolution and expansion in the financial services sector.
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