Robinhood Rebounds 14% as Crypto Snapback and Analyst Support Lift Shares Before Earnings

Overview

• Shares closed up 13.95% at $82.82 on Feb. 6 on nearly double average volume after a sharp selloff tied to Bitcoin’s slide, which earlier week hit a 10‑month low near $74,500.
• Roughly 36% of Robinhood’s transaction revenue comes from cryptocurrencies, leaving results sensitive to Bitcoin’s ~50% drop from October highs.
• Wall Street projects EPS of $0.62–$0.63 and revenue of $1.32–$1.35 billion, with forecasts calling for net interest revenue up 46.1%, options revenue up 42%, and assets under custody near $355.9 billion as crypto transaction revenue declines about 19.8%.
• Analyst sentiment remains largely positive with a Strong Buy skew and average targets around $155, including reiterated Overweight/Buy calls from Piper Sandler, Mizuho, and Bernstein, alongside mixed target moves from Truist and KeyCorp.
• Newer lines such as prediction markets, credit cards, and UK offerings are early stage, with seasonality a risk as football accounted for roughly half of prediction market volumes, and recent insider sales by Steven Quirk and Daniel Gallagher were disclosed.