Can Robinhood (HOOD) Stock Hit $150 as Platform Activity Rockets?

Key Insights

• Robinhood (HOOD) stock was down over 7% today and traded at $125.
• The dip in the crypto stock comes amid a broader crypto market selloff.
• Despite the robust platform activity, a top financial firm has trimmed its price target for HOOD stock.

The Robinhood stock has seen massive selling pressure in the early trading hours on Thursday, December 11, losing around 7% at the market open.

The recent dip in HOOD stock can be attributed to the waning risk-bet appetite of investors, as evidenced by the dip in the broader crypto market.

In addition, the platform activity was also on the investors’ tracker, which has seen a robust surge in the year-over-year (YoY) time frame.

Despite that, the month-over-month (MoM) change for November indicates a cooling momentum. Notably, the gloomy momentum is further evidenced by the performances of the other crypto stocks today.

During writing, USDC-issuer Circle (CRCL) stock fell nearly 5% while the Ethereum Treasury firm Bitmine Immersion Technologies (BMNR) stock recorded a slump of 6%.

Meanwhile, the recent dip indicates that the investors are taking shelter under the safer assets amid the volatile scenario in the digital assets space.

Besides, the latest hawkish indications from the US Federal Reserve have further weighed on the traders’ sentiment.

So, here we explore the recent developments of the online-brokerage platform and see where the Robinhood (HOOD) stock might be heading in the near future.

Robinhood (HOOD) Stock Dips Amid Crypto Market Selloff

The Robinhood Markets, Inc. (HOOD) stock has recorded a loss of more than 7% at the early trading hours today, and exchanged hands at $125 at the time of writing.

Notably, the stock ended the last session at $135.66 and opened at $131.77 on December 11. The stock of the $117.26 billion market cap firm, with a P/E ratio of 54.34, has an average volume of 32.39 million.

Notably, the crypto stock has seen a 52-week high of $153.86 and a low of $29.66. At its current price, the HOOD stock has lost nearly 5% in the last five days, while losing around 1% over the past month.

Despite the recent gloomy momentum in the market, the Robinhood stock has added more than 250% on a year-to-date (YTD) basis.

Meanwhile, the recent dip could be attributed to the broader crypto market selloff today.

The latest hints from the US Fed officials over only a single 25-bps rate cut in 2026 appear to have spooked traders, which in turn forced them to shift focus from the risk-bet assets.

What’s Next for HOOD Stock Amid Robust Platform Activity?

Recently, Robinhood has revealed its monthly operating data for November, which has caught the eyes of market participants.

According to the report, the total funded customers for the platform at the end of November were 26.9 million, down around 130K from October and up about 2.10 million on a YoY basis.

The total platform assets came in at $325 billion through November, marking a surge of 67% YoY and down 5% on a MoM basis.

The Crypto Notional Trading Volumes also rose 19% YoY to $28.6 billion. However, the monthly change showed a decline of 12%.

Amid this, the leading American financial services firm, Cantor Fitzgerald, has trimmed its price target for Robinhood stock.

For context, the firm has lowered the price target for HOOD stock from $155 to $152, while keeping its “Overweight” rating for the crypto stock.

This suggests that despite the short-term woes, the financial services firm has remained optimistic on the long-term potential of the asset.