1Q26 revenue growth of 15% prompted a Buy upgrade for Robinhood, with the analyst arguing the stock already reflects crypto weakness.
A 47% drop in crypto revenue was offset by stronger equities and options trading and continued growth in Gold subscriptions, pointing to underappreciated core business momentum.
April KPIs showed record platform assets, solid deposit growth and faster user engagement, setting up a likely 2Q26 revenue beat versus consensus estimates.
Trump Accounts and the broader Gold ecosystem were cited as upside drivers, while competitive and execution risks were seen as manageable in the near term.
With crypto collapsing and regulators watching, is Robinhood’s new “Buy” rating premature?
Can a government-backed child savings plan truly secure Robinhood's financial future?