$HOOD

Robinhood (HOOD) is competing for shares in Anthropic's potential record IPO, with CFO Shiv Verma calling the process a 'food fight'. Robinhood's crypto revenue fell 55% in Q3, contributing to a 12% total revenue growth slowdown. The company trades at 27x forward earnings, below its 3-year average. Analysts expect a 40% earnings jump next year, but growth depends on retaining new accounts from IPO allocations.

U.S. midterm elections are underway, impacting prediction market contracts. Companies like Robinhood (HOOD), ICE (ICE), CME (CME), CBOE (CBOE), and Sportradar (SRAD) reported Q3 results, with event contracts revenue and activity highlighted. Robinhood saw a 6x YoY increase in event contracts revenue to $173M. ICE's stake in Polymarket is valued at $2B. CME reported record Q3 volume. CBOE raised its 2026 revenue growth target. Sportradar's revenue rose 24%.

Coinbase (COIN) rose 9% after Goldman Sachs identified it, Robinhood (HOOD), and BitGo as best-positioned for customers leaving Binance post a $6.3B hack. Goldman views the hack as a net negative for the crypto sector, with Coinbase most exposed due to its revenue reliance on custody, staking, and trading. Circle's upcoming report on USDC balances is notable, as USDC drives about 25% of Coinbase's revenue.

Coinbase and Robinhood shares rose in premarket trading. Coinbase gained 1.04% to $139.26, Robinhood increased 1.45% to $85.06. The gains followed the CFTC's first approval of perpetual futures trading on U.S. exchanges using individual stocks as the underlying asset.

ARK Invest bought $3.4M in Coinbase (COIN) shares, $2.6M in Circle (CRCL), and $646K in Robinhood (HOOD) shares, while selling $2.3M in Bullish (BLSH). Morgan Stanley downgraded COIN to underweight, cutting its price target to $120 from $258. COIN's Q3 revenue fell 35% YoY, with transaction revenue down 44% to $590M. CRCL shares are at $72.08, BLSH at $22.54.

Robinhood Markets (HOOD) shares have fallen 25% this year after earnings missed expectations. Revenue grew 12% to $1.4B, but crypto-related revenue dropped 55%. EPS was 51 cents, below the 56-cent estimate. The stock trades at a P/E of nearly 40, suggesting high growth expectations.

Robinhood Markets (HOOD) reported fiscal Q3 2026 revenue of $1.42B, up 11.8% YoY but missing estimates. EPS beat at $0.60, down 3% YoY. Shares fell 3.3% post-earnings, with 10.1% drop over three sessions. Management highlighted market share gains and strong net deposits.

Robinhood's joint venture, Rothera, has set different payout rules for earnings per share (EPS) contracts on companies other than Tesla, which has raised regulatory concerns. Rothera and Cboe have received approvals for EPS contracts, but trading has not yet begun. Robinhood aims to dominate financial prediction markets, backing both Rothera's CFTC-regulated swaps and Cboe's SEC-approved options.

Truist cut its Robinhood (HOOD) price target to $123 from $125, citing lower revenue estimates for Robinhood Chain, a new business. The firm kept its Buy rating, implying 45% upside from Friday's close. Robinhood's Q3 revenue rose 12% to $1.4B, but crypto revenue fell 55% to $120M. Analysts expect 2027 EPS of $3.39, with the 2027 expense outlook being a key test.

Robinhood (HOOD) analysts maintained bullish ratings but lowered price targets post-earnings, citing mixed trading volumes and monetization. Binance futures contract is oversold, trading at $85.49, below all moving averages. Analysts' targets range from $116 to $165.