Robinhood HOOD Stock Draws Wave Of Bullish Targets

US stock indices rose on Thursday as lower oil prices offset the Fed's rate hike, with the S&P 500 up 0.94%. Tech shares like Nvidia and Amazon gained 2%. The Fed signaled more hikes may be needed, causing volatility. Crypto-linked stocks like Robinhood and Coinbase also rose. Fluence Energy fell 16% after lowering its 2026 revenue forecast.

The SEC issued a rule allowing tokenized stocks, enabling trading via blockchains. Robinhood (HOOD) and blockchain-related stocks saw a rally. The rule permits authorized venues to offer these tokenized equities, diverging from traditional exchanges.

Robinhood Markets (HOOD) rose 3.1% after the SEC granted a five-year exemption for tokenized stock trading. The move provides legal clarity for Robinhood's blockchain initiatives, which have already processed $3B in volume. Analysts maintain Buy ratings with price targets between $130–$170, citing strong fundamentals and growing user engagement.

Robinhood Markets (HOOD) shares rose 6% after the SEC announced the 'Innovation Exemption,' a five-year program allowing tokenized stocks to trade on specific platforms. The exemption provides conditional relief for trading venues and liquidity providers, with investor protections in place. SEC Chairman Paul S. Atkins called it a step toward digital-age capital markets.

Robinhood (HOOD) shares rose 6% after the SEC issued guidance allowing tokenized stocks to trade in the U.S. The 'Innovation Exemption' is a five-year plan with conditions for investor protection. SEC Chairman Atkins called it a step toward digital-age trading. The exemption is temporary and subject to future regulatory changes.

Two former Robinhood engineers, Hefu Chai and Huaisong Xiang, were charged with fraud for allegedly using nonpublic crypto listing info to trade perpetual futures on Hyperliquid, earning over $50,000 each. Robinhood cooperated with the investigation. Prosecutors used the Commodity Exchange Act for the charges.