Robinhood says the new tools aim to give active traders capabilities "typically reserved for hedge funds."
- To begin with, Robinhood will offer a curated list of stocks and exchange-traded funds for weekend trading.
- The company is also providing users access to AI trading agents and permits wagering on certain corporate earnings metrics.
- Before the HOOD Summit, Deutsche Bank analyst Brian Bedell lowered Robinhood's price target to $134 from $138 and maintained a ‘Buy’ rating, according to The Fly.
Shares of Robinhood Markets Inc. (HOOD) rose more than 2% in overnight trading after the company unveiled a series of new products at its annual summit on Tuesday.
The brokerage said users will be able to trade some U.S. stocks around the clock, including on weekends, for the first time. It will also give customers access to AI trading agents and allow trading on certain corporate earnings metrics.
Robinhood’s New Trading Options
According to a Reuters report, the firm’s push to extend 24/7 trading to weekends for the first time is part of a fundamental shift to give U.S. markets access to a larger global capital base and improve flexibility.
"Our focus this year is making Robinhood the best place for active traders by giving them the tools that are typically reserved for hedge funds, quants and a lot of big active trading firms," Abhishek Fatehpuria, vice president of product management, reportedly told Reuters.
To begin with, Robinhood will offer a curated list of stocks and exchange-traded funds for weekend trading.
Meanwhile, the firm is also opening up an option fortraders to wager on specific corporate earnings metrics via a partnership with derivatives exchange Cboe.
Through Robinhood's prediction markets hub, retail traders will be able to place bets on a company’s chances of surpassing earnings estimates or achieving a targeted revenue figure.
Additionally, all Robinhood customers will be able to access AI trading agents powered by OpenAI and Anthropic to execute trades on their behalf.
Wall Street Stance On HOOD
Before the HOOD Summit, Deutsche Bank analyst Brian Bedell lowered Robinhood's price target to $134 from $138 and maintained a ‘Buy’ rating on the shares, according to The Fly. The revised target implies an upside of more than 15% from the stock’s last close.
The firm said that it views Robinhood's September trading activity as tracking broadly in line with its above-consensus third-quarter estimates. However, recent volumes are tracking slower than modeled on Robinhood Chain and Rothera, the analyst said.
As a result, Deutsche Bank has embedded more conservatism in its fourth-quarter and 2027 forecasts in these areas, although the analyst remains positive on Robinhood's current product roadmap momentum.
Robinhood's equity notional trading volume was about $267 billion through Sept. 24, with roughly 234 million options contracts traded. Options Contracts Traded were roughly 234 million. Crypto Notional Trading Volumes were about $17 billion, including Robinhood app notional volumes of about $7 billion and Bitstamp Notional Volumes of roughly $10 billion. Event Contracts Traded were approximately 4.4 billion.
On Tuesday, Keefe Bruyette raised its price target on HOOD stock to $115 from $100 and maintained a ‘Market Perform’ rating, citing stronger-than-expected quarter-to-date volumes in equities, options, and crypto.
HOOD Stock: Retail Stance
On Stocktwits, retail sentiment around HOOD stock was ‘bearish’ at the time of writing.
One user noted the 24/7 trading move, saying, “$HOOD More time to make your move.”
Another user said, “$HOOD all the adding features are great for the platform, just the delivery is quite cringy.”
HOOD stock is down nearly 15% in the last year.
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