On July 29, Robinhood rose 4% in after-hours trading, trading at $90.3/share, with turnover of $112 million. The stock surged following the release of its second-quarter earnings report after the close.

The Q2 earnings had been widely anticipated, with market consensus expecting EPS of $0.39-$0.43 and year-over-year revenue growth of approximately 39.35%. Analysts highlighted that prediction market revenue was projected to surpass crypto trading revenue for the first time this quarter, marking a structural shift in the company's revenue mix. Multiple investment banks had recently raised price targets, with Bernstein setting a Street-high target of $160 and Goldman Sachs lifting its target to $137, both maintaining bullish ratings.

The after-hours surge comes despite recent selling pressure from Ark Invest, which had reduced its Robinhood position by over $22 million in the prior week while rotating capital into SpaceX. Additional positive catalysts include Robinhood Chain's rapid growth, with tokenized real-world assets increasing 5x in two weeks to $70 million and total value locked reaching $312 million, as well as ongoing negotiations with Crypto.com on a prediction market partnership.

(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.)