Robinhood Stock Skyrockets on Strong Q2 Earnings and Crypto Frenzy

Robinhood Markets' stock price rose sharply on August 22, 2026, as investors reacted to strong second-quarter numbers and growing interest in crypto assets. The company's revenue reached $1.308 billion, a 32% year-over-year increase, while earnings per share (EPS) improved to $0.62 from $0.42 the previous year. Net deposits hit $22 billion, and total platform assets grew to $369 billion.

The stock price, which had ranged from $93.65 to $101.66 in the prior session, closed at $100.56 on August 22, giving Robinhood a market capitalization of $85.51 billion. The company added nearly one million funded customers in the quarter and continues to expand its offerings beyond traditional trading.

Analysts' consensus price target sits at $120.52, with a Moderate Buy rating from 26 analysts covering the stock. While Robinhood's core business remains tied to trading activity, the company's growing presence in crypto and tokenized equities has contributed to its increasing market value.