On July 9, Robinhood rose 3.08% in regular trading, trading at $114.46/share, with turnover of $616 million. The rebound follows a multi-day pullback triggered by CEO insider selling earlier this week.
On the news front, Deutsche Bank raised its price target on Robinhood from $113 to $120, maintaining a Buy rating. The analyst consensus now stands at an average overweight rating with a mean target of $116.03. Simultaneously, Robinhood Chain's on-chain ecosystem saw explosive growth, with DEX daily trading volume surpassing $560 million, daily active addresses approaching 200,000 — of which over 140,000 were first-time new addresses. The chain's first meme coin, Cash Cat, broke through a $100 million market cap, while nearly 16,000 new tokens were created in a single day.
The dual catalyst of an institutional target price upgrade and tangible on-chain traction helped offset lingering pressure from CEO Vladimir Tenev's 375,000-share disposal earlier this week, which netted approximately $42.27 million. The company is scheduled to report Q2 earnings on July 29 after market close, with consensus EPS expected at $0.41.
(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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