‘Don’t Overlook This Deal,’ Says Top Analyst as Robinhood Hits Record High

Robinhood Markets (HOOD) surged 5.5% on Tuesday to close at $71.72, setting a new all-time high and topping its previous record of $70.39 from shortly after its 2021 IPO. This jump comes amid a strong rebound in cryptocurrency markets, with Bitcoin recently hitting fresh highs. It also extends an already impressive run, with HOOD up over 90% this year, fueled by rising transaction revenues and a pickup in retail trading activity.

The momentum is also being driven by Robinhood’s deeper push into crypto. The company recently completed its $200 million acquisition of European crypto exchange Bitstamp, marking its first entry into the institutional crypto space and strengthening its international presence. In response to this deal, Piper Sandler’s Top analyst, Patrick Moley, remains upbeat on Robinhood, maintaining an Overweight rating and a $70 price target.

Moley Remains Bullish on HOOD Stock

According to Moley, who ranks 70 out of 9,596 Wall Street analysts, Robinhood’s completed acquisition of Bitstamp is “a strong step forward” as Robinhood builds out its crypto business and expands into international markets. The $200 million all-cash deal gives Robinhood its first-ever access to institutional crypto clients, something he sees as an important milestone. Moley noted that Bitstamp brings in “500k retail”and “5k institutional”customers, opening up new growth opportunities for the platform.

Another key point, according to the five-star analyst, is the improvement in Bitstamp’s financials. When Robinhood first announced the deal a year ago, Bitstamp was generating around $50 million in annual revenue. But now, Robinhood says it made “$95M for the 12 months ended 4/30/25,” almost double the previous figure. Moley sees this jump as a positive surprise that further reinforces the value of the acquisition.

Looking ahead, he believes this deal could help Robinhood build a stronger brand presence in Europe. The analyst thinks it could also pave the way for launching additional services, such as stock and options trading, in those markets.

Overall, Moley views the Bitstamp deal as a meaningful step toward Robinhood’s long-term goal of becoming a broader financial platform, both in crypto and beyond.

Is HOOD Stock a Good Buy? 

According to TipRanks consensus, HOOD stock has a Moderate Buy rating, based on 14 Buys and five Holds assigned in the last three months. The Robinhood Markets stock price target of $62.78 implies a 12.47% downside over current trading levels.

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