Robinhood’s aggressive push into global crypto products and tokenized equities could warrant a valuation reset, according to one bullish analyst who raised his price target on the stock from $80 to $99.
In a high-profile product showcase on Monday in the South of France dubbed “To Catch a Token,” Robinhood (ticker HOOD) detailed plans to expand its crypto footprint across Europe and launch a suite of new features aimed at active traders and retail investors alike.
“Robinhood’s product velocity is staggering,” Mizuho Securities analysts led by Dan Dolev wrote in a note to clients, highlighting a string of major rollouts including tokenized U.S. stocks for European customers, crypto perpetual futures with up to 3x leverage, and staking for assets like ETH and SOL in the U.S.
The analyst also cited upcoming features like a crypto rewards card, an Ethereum-based Layer 2 chain focused on real-world asset tokenization, and an AI-powered investing assistant named Cortex. CEO Vlad Tenev said his company would also distribute tokenized shares in private companies OpenAI and SpaceX.
Robinhood’s crypto segment is coming off its two quarters ever, generating nearly $120 billion in crypto trading volume. That’s led to approximately $610 million in crypto revenue, according to The Block’s Data Dashboard.
Despite slightly trimming near-term revenue and EBITDA estimates for the second quarter, Mizuho raised medium-term projections, betting on strong uptake across the EU and accelerating monetization of Robinhood’s crypto suite. The firm now values Robinhood at 18x expected 2027 revenue, a premium to peers, arguing the stock deserves a rerating based on the scale of its innovation and growing international reach.
“Firms like Robinhood are taking advantage of a gap in the market in Europe,” Michelle O’Connor, VP of global market expansion at Taxbit, stated in an email. “With EU households saving ~15% of their income, and most of that money sitting in low-yield accounts, there’s a major opportunity to reimagine financial engagement and unlock smarter participation.”
Robinhood’s crypto and equities offerings are now live or in development across 30+ countries in the EU and EEA, granting access to over 400 million potential users. With crypto, tokenized stocks, and derivatives under one roof, Mizuho believes Robinhood is positioning itself as a next-gen brokerage platform.
“HOOD is tapping into a $600 billion TAM with just a sliver of market share today,” Dolev concludes. “We believe that changes rapidly.”
Monday’s news drove HOOD to a new all-time high north of $98. The stock was trading down 3.4% to $90.41 at publication time, according to The Block’s HOOD price data.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
