Robinhood Surges 3.06% to $113.63 Record High 13th in U.S. Trading Volume as Crypto and Earnings Drive Momentum

Robinhood Markets (HOOD) surged 3.06% on August 8, 2025, with a trading volume of $4.81 billion, ranking 13th in the U.S. stock market. The stock closed at an all-time high of $113.63, pushing its market capitalization above $100 billion. The rally followed strong second-quarter earnings, with revenue of $989 million surpassing forecasts by 9% and EPS of $0.42 exceeding expectations by 40%.

The company’s growth has been fueled by crypto trading, a core driver of its valuation. Analysts highlight that Robinhood’s user base expanded significantly, with funded accounts rising by 750,000 in the latest quarter. Cantor Fitzgerald raised its price target to $118, while Citizens JMP set a $130 target, citing 82% year-over-year EBITDA growth. Mizuho attributed the momentum to robust net deposits of $6 billion in July and strategic promotional campaigns.

Investor sentiment has shifted toward long-term confidence, with Robinhood’s 59.4% revenue growth over the past year and a 91.5% gross profit margin reinforcing its financial health. The stock’s 527% return over the past 12 months underscores its appeal in the fintech sector, though some analysts caution that organic growth remains mixed, with half of its expansion attributed to an acquisition.

Backtest results show that a strategy of buying the top 500 high-volume stocks and holding them for one day yielded a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. This highlights the role of liquidity concentration in short-term performance, particularly in volatile markets, where Robinhood’s high trading volume has amplified its price momentum.