TLDR
- Robinhood unveiled new trading features including AI-powered tools, futures access, and a social trading platform at its Las Vegas event
- Mizuho raised its price target to $145 with an Outperform rating while Piper Sandler maintained $120 with Overweight rating
- The company launched Robinhood Social, allowing users to follow verified traders and view live trades with early 2025 rollout planned
- New features include short selling capabilities, overnight index options, and expanded futures trading on Legend platform
- HOOD stock gained over 501% in the past year and is trading near 52-week highs at $122.38
Robinhood Markets stock traded higher Wednesday as the company unveiled its most extensive product expansion yet. The financial services platform announced multiple new features at its F1 Grand Prix Plaza event in Las Vegas.
The company introduced Robinhood Social, a community platform that lets verified users showcase live trades. Users can follow other traders, track their strategies, and review real performance metrics.
Profiles will be authenticated through Know Your Customer processes. This gives users transparency into who they are following.
The platform will provide insights into trades made by politicians, insiders and hedge funds using publicly available data. Robinhood Social will launch by invitation in early 2025 before a wider rollout.
AI-Powered Trading Tools Launch
Robinhood Legend, the browser-based trading platform, now features AI-powered custom indicators and scans. The new assistant, called Robinhood Cortex, allows traders to create tailored chart indicators.
Traders can run personalized market scans without writing code. This targets sophisticated users who want more analytical capabilities.
The Legend platform expanded futures trading to more than 40 CME Group products. These include oil, gold, Bitcoin and the S&P 500.
Robinhood Gold members get low-cost commissions on futures trades. The Legend ladder widget now supports one-click trades across multiple asset classes.
The company announced new ladders for mobile trading and overnight index options. Short selling capabilities will roll out in the coming months.
Device linking between mobile and Legend platforms gives users more flexibility. These tools aim to attract active traders who want speed and sophistication.
Analyst Coverage Updates
Mizuho analyst Dan Dolev maintains an Outperform rating on HOOD stock. He raised the price forecast from $120 to $145.
Piper Sandler analyst Patrick Moley maintained an Overweight rating. His price target remains at $120.
The moves reflect confidence in Robinhood’s expansion beyond basic trading. CEO Vlad Tenev wants to make Robinhood a “financial superapp.”
Overnight index options will begin trading early next year. Short selling and expanded ladders will roll out over the coming months.
The company’s total platform assets reached $298 billion by the end of July 2025. This marks a 106% increase compared to the previous year.
Robinhood reported 26.7 million funded customers with 160,000 new customers added in July alone. The platform continues expanding beyond its original retail investor base.
Stock Performance Metrics
HOOD stock gained over 501% in the past year according to Benzinga Pro data. The stock is trading near its 52-week high of $122.38.
Shares were up 3.09% at $122.15 during Wednesday’s trading session. The stock reached new 52-week highs following the product announcements.
Investors can gain exposure to HOOD through the YieldMax Dorsey Wright Hybrid 5 Income ETF. The company’s partnership with the Dogecoin Foundation’s House of Doge adds another revenue stream.
Robinhood launched football prediction markets allowing users to trade on game outcomes. This sets the platform apart from competitors like DraftKings and Flutter Entertainment.
