On September 1, Robinhood rose 3.17% overnight, trading at $108.23/share, with turnover of $18.74 million. The stock rebounded sharply after falling 3.27% in the prior session on August 31.

The overnight recovery was closely tied to continued momentum in the Robinhood Chain ecosystem. The chain's native meme coin CASHCAT surged 10% intraday, pushing its market capitalization above $220 million, while multiple on-chain metrics simultaneously hit new records. Since launching just over a month ago, Robinhood Chain has achieved notable milestones: TVL surpassed $1 billion, cumulative fee revenue reached $5 million, and RWA single-day on-chain trading volume once hit a record $85.1 million, with tokenized equities contributing approximately 78%.

Fundamentally, Robinhood reported strong first-half results with net revenues up 24% year over year to a record $2.38 billion and EPS rising nearly 27% to $1.00. Analysts maintain an average overweight rating with a mean price target of approximately $124.82, with Goldman Sachs holding a Buy rating at $124.

(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.)