On September 1, Robinhood rose 3.7% in pre-market trading, trading at $108.81/share, with turnover of $13.75 million. The stock had declined 3.27% in the prior session on August 31, and this rebound is closely tied to continued momentum in the Robinhood Chain ecosystem.

On the news front, Robinhood Chain ecosystem Meme coin CASHCAT surged 10% intraday, pushing its market cap above $220 million, while multiple on-chain metrics simultaneously set new records. Data shows that Robinhood Chain, launched just over one month ago, has already surpassed $1 billion in TVL and generated $5 million in cumulative transaction fees. Its RWA single-day on-chain trading volume previously hit a record $85.1 million, with tokenized stocks contributing approximately 78%.

Analysts currently hold an average target price of approximately $124.82 for Robinhood, with Goldman Sachs maintaining a Buy rating and a $124 target. Needham recently adjusted its target from $123 to $120 while also maintaining a Buy rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)