On August 27, Robinhood rose 3.04% in regular trading, trading at $111.6/share, with turnover of $775 million. The stock had pulled back over 3% the previous session, and the current rebound is primarily driven by continued strength in on-chain ecosystem data.
On the news front, Robinhood Chain recorded a record single-day RWA on-chain trading volume of $85.1 million on August 25, with tokenized stocks contributing approximately $66.6 million, accounting for 78% of the total. Notably, the chain's trading structure has shifted significantly from Meme-dominated to stock token-dominated — Meme coin pairs declined from 73% of daily volume in late July to just 12%. Additionally, Robinhood Crypto added 100 stock tokens this month, bringing the total to over 190, while TVL remains above $1 billion.
On the valuation front, Needham and Goldman Sachs both recently raised their target prices to $123, maintaining buy ratings, with the analyst consensus target at approximately $124.65.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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