crypto revenues surging 98% to $160 M, 2.3 million new acct

The momentum is supported by strong fundamental performance, with the company’s crypto revenues surging 98% to $160 million in the last quarter and its user base expanding with 2.3 million new funded accounts. This performance follows Robinhood's recent inclusion in the S&P 500 index on September 22, a move that increases institutional credibility. Wall Street has also taken notice, with several analysts raising their price targets. For instance, Piper Sandler increased its target to $140, BofA Securities to $139, and Mizuho to $145, signaling growing confidence in the company's strategies.