Will Robinhood monthly active users grow next quarter?

**Robinhood's monthly active users are likely to grow next quarter**, considering the following factors:

1. **Strong Revenue Growth**: Robinhood reported a 45% year-over-year increase in second-quarter revenue, reaching $989 million, surpassing analysts' expectations. This growth is attributed to robust sales in cryptocurrency, options, and equities, indicating a strong user engagement and trading activity.
2. **Increase in Funded Customers**: The company reported a 10% increase in funded customers, reaching 26.5 million. This expansion in user base is a positive indicator for future growth in monthly active users.
3. **Positive Market Conditions**: The broader market experienced gains, with the Nasdaq and S&P 500 hitting record highs, led by a tech rally. This positive market sentiment is conducive to increased investor activity, which is likely to translate into more monthly active users on Robinhood.
4. **Expansion of Services**: Robinhood's focus on crypto assets and the launch of tokenization are strategic moves that position the company to capitalize on the growing demand for digital assets. This expansion is likely to attract new users and increase user engagement.
5. **Insider Confidence**: Despite some insiders selling significant portions of their shares, other insiders, such as Sierra Summit Advisors LLC, have taken new positions in Robinhood, indicating confidence in the company's future prospects. This insider activity can be a signal to investors about the company's potential for growth.

While these factors are positive indicators, it's important to note that the company's aggressive share buyback program and the current analyst consensus price target suggest that there may be challenges to sustaining revenue growth. However, based on the available data, Robinhood is well-positioned to continue growing its monthly active users in the coming quarter.