Robinhood Markets (Nasdaq: HOOD) is a brokerage platform whose commission-free offering of equities, cryptocurrencies, and tokenized stocks has made it extremely popular among young retail tr
Robinhood Markets (Nasdaq: HOOD) is a brokerage platform whose commission-free offering of equities, cryptocurrencies, and tokenized stocks has made it extremely popular among young retail traders.
On July 1, Robinhood launched its blockchain, Robinhood Chain, to offer real-world assets at scale to users.
An Ethereum-based layer 2 blockchain, Robinhood Chain is built on Arbitrum's Orbit technology and adopted Chainlink as its official data and cross-chain oracle infrastructure.
The total value locked (TVL) in decentralized finance (DeFi) on Robinhood Chain has reached around $95.5 million as of July 10, as per the onchain analytics platform DeFiLlama.
TVL in DeFi on Robinhood Chain, Source: DeFiLlamaOn July 10, two of the world's leading banks raised their price targets on the Robinhood stock.
Barclays raised the price target on the HOOD stock by 48.8% from $82 to $122 and reiterated the Buy rating.
The multinational bank said Robinhood’s trading activity and platform momentum remain robust as the broker expands beyond its retail brokerage business.
Trending on TheStreet Roundtable:Morgan Stanley also reiterated a Buy rating on the HOOD stock and raised the price target by 30.5% from $95 to $124.
The brokerage firm's stock hit the all-time high (ATH) of $153.86 on Oct. 6, 2025, when the crypto market was at its peak.
But the downturn in the digital assets market over the next months has led to the HOOD stock tumbling 25% below the record high price.
The stock didn't get a boost from the bullish price target hikes either as HOOD was trading at $113.80 at press time, down 1.15% in a day.
