Here’s Why Robinhood Stock Jumped on Thursday

Robinhood Markets (NASDAQ: HOOD) shares jumped as much as 7% on Thursday, touching an intraday high of $120.05 before settling near $112.73, as the trading platform unveiled a sweeping set of new products at its first-ever London investor event and won a bullish price-target boost from Wall Street.

The rally capped a blistering run for the stock, which has climbed roughly 20% over the past three sessions on volume of more than 41 million shares Thursday alone.

The centerpiece of the move was Robinhood’s announcement of the mainnet launch of Robinhood Chain, its own Ethereum-based Layer-2 blockchain, alongside tokenized stocks that will trade 24/7 — a break from traditional market hours.

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The company also introduced agentic AI trading tools, allowing customers to build their own AI agents to analyze portfolios and execute trades, and rolled out perpetual futures contracts for eligible European users tied to commodities like gold, silver, oil and foreign exchange.

“It’s going to level the playing ground… make retail able to participate in the market a lot more than they used to be,” said Johann Kerbrat, Robinhood’s crypto vice president, of the AI tools.

Adding fuel to the rally, Mizuho Securities raised its price target on HOOD to $130 from $115, helping the stock lead gainers in the S&P 500.

The move also came against a favorable macro backdrop: a weaker-than-expected June jobs report eased Federal Reserve rate-hike fears, while a broader crypto rally lifted Bitcoin and related stocks like Strategy and Coinbase, further boosting sentiment toward Robinhood’s crypto-heavy business.