On September 21, Robinhood rose 3.07% in pre-market trading, trading at $123.87 per share, with turnover of $13.48 million.

The rally was primarily driven by the SEC's recently announced five-year innovation exemption framework for tokenized stock trading, which establishes a temporary regulatory pathway for on-chain stock token transactions under specific conditions. As a core participant in the tokenized stock space, Robinhood stands as a direct beneficiary of this regulatory milestone. Trading platforms must notify relevant companies and observe a 30-day waiting period before initiating tokenized trading of their stocks.

Robinhood Chain, launched 70 days ago, has generated $42.58 million in total revenue with TVL approaching $1 billion and on-chain stock token trading volume surpassing $3 billion. Ark Invest recently acquired 27,083 shares of Robinhood valued at $3.18 million, reflecting institutional confidence. Multiple Wall Street firms have raised their price targets to a range of $123 to $145, with a consensus target of approximately $133, maintaining buy ratings. Goldman Sachs adjusted its target to $142, Mizuho to $140, and Deutsche Bank to $138.

(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.)