To The Moon

It’s building a blockchain, going global, and charming Gen Z all over again—so is HOOD still a buy, or just high on hype?

I’ll admit it—I didn’t have Robinhood goes full crypto overlord on my 2025 bingo card. But here we are. At Cannes, no less, where Robinhood—part trading app, part financial rebellion—just dropped its boldest gambit yet: the Robinhood Chain. A Layer 2 blockchain with plans to bring stocks, derivatives, and even private equity fully on-chain. Somewhere in Silicon Valley, a VC just fainted with joy.

The stock? Already up a staggering 147.8% year-to-date and 305% over the past year. That’s not a typo. It’s the kind of rally that makes long-time holders smug and skeptics search for a short button. But after this crypto pivot, plus an expansion into Europe, it’s fair to ask—can HOOD go higher, or has the party peaked?

From app to infrastructure—Robinhood’s bold pivot begins

From Meme Broker to Blockchain Baron

Let’s be clear: $Robinhood(HOOD)$ has done more than just survive the post-meme-stock world—it’s thriving. Revenue is up 50% YoY, net income has surged 114%, and the profit margin is an eye-watering 48.77%. They’re actually making money now, which feels like cheating in fintech.

What’s juicier, though, is the company’s transformation from trading app to infrastructure play. With the Robinhood Chain, it’s not just slinging crypto tokens—it’s aiming to be the rails of tokenised assets worldwide. Imagine a future where retail investors can trade fractions of $Tesla Motors(TSLA)$ shares, private equity stakes, and even art, all on-chain and inside a Robinhood wallet.

It's not as far-fetched as it sounds. Robinhood already bought crypto platform Bitstamp and nabbed a full EU licence. With 13 billion in cash and a user base addicted to frictionless trading, it has the financial firepower and UX edge to go after $Coinbase Global, Inc.(COIN)$, DeFi, and legacy brokerages in one fell swoop.

Yes, the Valuation Is Wild—But So Is the Growth

Let’s talk numbers. HOOD is currently trading at a trailing P/E of 52.76, with a forward P/E of 66.23. On paper, that screams overvalued. But here’s where it gets interesting: the price/sales ratio is a lofty 26.12, and yet the company is generating nearly $3 billion in gross profit on $3.26 billion in revenue. It’s not just revenue growth; it’s highly profitable revenue growth.

And while the 81.5 billion market cap may give you vertigo, that’s not far off where Block or Coinbase have traded at the peak of their own crypto cycles—except Robinhood has more cash, more products, and arguably a stronger moat with younger investors.

One underappreciated detail? Institutional ownership now sits at nearly 70%. Hedge funds aren’t just watching from the sidelines anymore—they’re buying in. That’s a sharp contrast to the meme-stock era, when Robinhood was treated more like a joke than a serious fintech.

Volatility Is the Price of Admission

Still, let’s not pretend it’s all upside. Robinhood’s beta is 2.26, which means you’re signing up for a white-knuckle ride if markets wobble. And despite its recent maturity, the company has a debt/equity ratio over 118%, suggesting its balance sheet isn’t as pristine as the PR campaign implies.

Plus, there’s no dividend, no buyback, and no yield cushion if sentiment turns. You’re here for growth, or you're not here at all.

My base case? We’ll see pullbacks—perhaps to the 75–80 range—before HOOD’s next leg higher. The RSI has been flirting with nosebleed levels, and the 50-day MA sits well below the current price, around $63.74. It wouldn’t be surprising to see short-term traders take profits after such a monster run.

That said, my 12-month target is a punchy $115. That assumes another year of 40%+ top-line growth, continued traction in Europe, and at least a beta version of Robinhood Chain live by early 2026. With the next earnings due in August and crypto sentiment swinging bullish again, that timeline looks credible.

Now, before you go chasing candles, here’s what the past year looks like when you blend momentum with method.

Volatility’s in vogue—but the trend still has legs

Could Another Stock Pull a ‘Robinhood’?

If you're hunting for the next HOOD, keep an eye on $SoFi Technologies Inc.(SOFI)$. It's building a full-stack financial ecosystem, dabbling in crypto, and offering banking products with tech DNA. Its user growth isn’t as viral, but the fundamentals are improving. Another dark horse? Revolut, if and when it IPOs.

But let’s not get too distracted. $Robinhood(HOOD)$ is now more than a stock—it’s a thesis. A bet on tokenised finance. A wager that the next generation of wealth won’t be built in traditional brokerages or dusty pension plans—but in mobile-native, crypto-enhanced platforms with gamified UX and decentralised plumbing.

Robinhood reborn—betting big on tokenised global finance

Worth Buying (If You Can Handle the Heat)

Is Robinhood still a buy after a 150% YTD sprint? I believe so—just not for the faint-hearted. The fundamentals are improving, the strategy is bold (and borderline brilliant), and the timing couldn’t be better as crypto crawls back into the mainstream. This isn’t 2021’s meme rocket; it’s a serious fintech with a blockchain twist.

But let’s not forget: HOOD isn’t priced like a value stock—it’s priced like the future. If Robinhood Chain flops or regulators get an itchy trigger finger, there’s risk. But if it works, and tokenisation of real-world assets takes off?

You’ll wish you bought the dip—if there ever is one.

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