Key Takeaways
- HOOD shares finished Thursday’s session up 11% at $84.84 following the Trump Account platform debut.
- Approximately six million households have enrolled for Trump Accounts, set to go live on Independence Day.
- Robinhood built the Trump Account platform and operates as the program’s first trustee.
- Shares received additional support from the previous day’s agentic trading feature reveal, enabling AI-driven automated transactions.
- Mizuho Securities lifted HOOD’s price objective from $110 to $115 while keeping its Outperform stance.
Robinhood (HOOD) shares climbed 11.29% to finish at $84.84 on Thursday following the Treasury Department’s confirmation that the Trump Account platform — developed by Robinhood — is now accessible for download.
The rally stemmed from multiple factors rather than a single trigger. Mizuho’s Dan Dolev explained to Barron’s that the surge reflects “likely a combination of both Trump accounts excitement, the agentic trading news from yesterday as well as hopes of peace in the Middle East.”
Registration numbers for Trump Accounts have reached nearly six million households. This represents an increase from the five million count reported during tax season. Full account functionality won’t begin until the Fourth of July.
Initial activation notifications have started arriving from no-reply@trumpaccounts.treasury.gov, with additional waves scheduled throughout the upcoming weeks for all individuals who submitted IRS Form 4547.
Robinhood has processed registrations since February, when households gained the ability to submit the specialized form during tax filing.
The Treasury Department confirmed earlier that Bank of New York Mellon (BNY) would function as the government’s fiscal representative for these accounts. BNY shares edged up less than 1% Thursday.
Robinhood operates both as the brokerage platform and founding trustee for Trump Accounts. The firm indicated earlier that this arrangement follows “a cost plus basis with a small margin” contract structure.
Development expenses for the initial phase totaled less than $14 million, according to the company. Robinhood announced plans to commit an additional $100 million toward enhancing and maintaining the user platform moving forward.
AI Agent Trading Feature Boosts Investor Sentiment
One day prior to the Trump Account rollout, Robinhood revealed a new feature allowing users to link AI agents directly with their trading accounts. These automated systems can execute trades and process credit card transactions independently on behalf of account holders.
This announcement by itself drove HOOD shares up almost 3% on Wednesday. Thursday’s gains compounded those earlier advances.
The back-to-back announcements across consecutive trading days delivered a powerful two-session rally as markets headed into the extended holiday weekend.
Year-to-Date Performance Remains Negative at 25%
Despite Thursday’s impressive gains, HOOD remains in the red by 25% year-to-date. The decline stems primarily from diminished cryptocurrency trading volumes.
During Robinhood’s April earnings release, the company disclosed that crypto trading revenue had plummeted 47% to $134 million.
Decreasing cryptocurrency valuations have dampened trading engagement, creating headwinds for the stock throughout 2026.
Mizuho elevated its HOOD price objective to $115 from $110 on Thursday while maintaining its Outperform designation. The consensus price target among FactSet-surveyed analysts stands at $101.04, accompanied by an average overweight recommendation.
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