Robinhood (HOOD) Stock Rockets to 52-Week High: Is It Too Late to Buy?

TLDR

Table of Contents

Robinhood stock reached a 52-week high of $67.13, with shares trading around $66.78-$67.98
Stock has surged 216-219% over the past year and over 80% year-to-date
Analysts maintain positive ratings with Needham raising price target to $71 and Piper Sandler at $70
Company plans to acquire crypto exchange Bitstamp in 2025 to strengthen cryptocurrency offerings
Despite recent gains, analysts see potential 7.6% downside from current levels based on average price target

Robinhood Markets stock climbed to a new 52-week high this week, reaching $67.13 before settling around $66.78-$67.98. The online brokerage closed Monday with a 2.7% gain as tech stocks led market gains.

The stock has been on a tear over the past 12 months. Shares have delivered returns between 216% and 219% during this period, marking one of the strongest performances in the fintech sector.

Year-to-date numbers tell a similar story. The stock has surged over 80% since January, building on momentum that began in earnest from its April 8 low.

The company now carries a market capitalization of $59.56 billion. Its current P/E ratio sits at 36.15, reflecting investor expectations for continued growth.

Revenue has been a key driver of the recent rally. The company posted revenue growth of 59.65% in its most recent reporting period, showing strong business fundamentals beneath the stock price gains.

Analyst Coverage Remains Positive

Wall Street analysts are backing the stock despite its recent run-up. Piper Sandler’s Patrick Moley, a five-star rated analyst, reiterated his Buy rating last week with a $70 price target.

Moley pointed to the company’s diversification efforts as a key strength. He also highlighted potential benefits from the current Bitcoin rally, which could boost cryptocurrency trading volumes on the platform.

Needham analysts took an even more bullish stance earlier this month. They maintained their Buy rating while raising their price target to $71, citing strong product innovation momentum.

The cryptocurrency space appears to be a particular area of focus for analysts. Needham specifically called out developments in Robinhood’s crypto offerings as a reason for optimism.

Bitstamp Acquisition Plans Take Shape

The company has major expansion plans in the works for 2025. Robinhood announced plans to finalize its acquisition of cryptocurrency exchange Bitstamp next year.

This deal represents a strategic move to strengthen the company’s position in digital asset trading. Analysts view the acquisition as a potential competitive advantage in the growing crypto market.

Bitstamp is now part of @RobinhoodApp
Together, we’re combining 14 years of trusted crypto expertise with Robinhood’s global vision – expanding access and building the future of crypto, together.
More here 👇https://t.co/Po2NxE971C
— Bitstamp by Robinhood (@Bitstamp) June 2, 2025

The Bitstamp purchase would give Robinhood access to additional trading infrastructure and expertise. It could also help expand the company’s cryptocurrency product offerings beyond its current platform.

Analysts at Needham highlighted this acquisition as a key growth catalyst. They see it as a move that could solidify Robinhood’s competitive edge in digital assets.

The timing aligns with renewed interest in cryptocurrency trading. Bitcoin and other digital assets have seen increased trading activity in recent months.

Platform expansion efforts extend beyond just acquisitions. The company also announced plans to bring its desktop platform to UK retail investors, broadening its international footprint.

Current analyst consensus shows a “Moderate Buy” rating based on recent coverage. The rating stems from 14 Buy recommendations and five Hold ratings issued over the past three months.

However, the average price target of $62.78 suggests potential downside from current trading levels. This represents approximately 7.6% below recent trading prices, indicating analysts may view the stock as fairly valued after its recent gains.

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