Robinhood Markets stock soared 5.08% during intraday trading on Friday.

The jump came after Cathie Wood's Ark Invest bought $12.4 million worth of Robinhood shares, demonstrating institutional confidence following the company's mixed fourth-quarter results. While revenue missed expectations, profit beat estimates, and key metrics showed strength: platform assets surged 68% year-over-year to $324 billion, and Robinhood Gold subscribers grew 58% to 4.2 million.

Analysts remain bullish, maintaining a Buy consensus with an average price target of $142, citing growth opportunities in prediction markets and international expansion. The stock had declined sharply after earnings, making the intraday surge a rebound fueled by these positive developments.