Key Takeaways
- Robinhood shares jumped 5% today after an executive said last Thursday was its biggest stock-trading day ever.
- Its customers keep buying the dip, a sign the business is healthier than the stock’s slide suggests.
- Interactive Brokers and Charles Schwab customers are busier too, while Coinbase’s revenue is expected to fall this year.
- Analysts expect Robinhood’s normalized EPS to nearly double from 2025 to 2028.
Robinhood Markets (HOOD) stock jumped 5% today after an executive said its customers just had their busiest trading day ever.
Interactive Brokers (IBKR) and Charles Schwab (SCHW) serve the same investors, and Coinbase (COIN) lives on crypto trading, Robinhood’s weak spot.
Dip buying at a record pace
Steve Quirk, Robinhood’s chief brokerage officer, told Wolfe Research’s Wealth Symposium this morning that last Thursday topped even its 2020 and 2021 trading highs. Asked about retail investors, he said:
“They’re cautiously aggressive, and what I mean by that is, they buy the dips.”
Quirk added that Robinhood is close to its target of 20% net deposit growth this year. Analysts have normalized EPS climbing from $2.34 in 2025 to $4.30 in 2028:
Nothing Quirk said suggests those numbers should fall.
Busy everywhere except crypto
Interactive Brokers, up 7% today, said third-quarter daily average revenue trades rose 18% and customer accounts 35% year over year. Schwab’s daily average trading volume jumped 44% in the third quarter, but its core net new assets grew at a 5.8% annualized rate, well short of Robinhood’s. And Quirk says Robinhood wins more account transfers than it loses to every other broker, so it looks like it’s taking share.
Crypto is another story. Robinhood’s crypto revenue fell 55% in the third quarter. Coinbase, up 4% today, is stuck in the same slump: analysts expect its revenue to fall 28% this year, for a normalized loss of $0.35 a share. Coinbase still has to show its own trading picking up.
TIKR tracks 32 analysts on Robinhood. How many say “Buy”?
See the full breakdown of Buy, Hold, and Sell ratings on Robinhood, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See Robinhood’s Analyst Ratings
The stock hasn’t caught up
Robinhood’s forward P/E is far off its peak:
It sat at 26x at the last close, against 76x in October 2025 and a 36x average over the past three years. At today’s price, it’s a bit higher.
Costs are still a worry: operating expenses rose 16% in the third quarter, faster than revenue. Even so, record trading and near-20% deposit growth don’t square with a stock priced well below its usual multiple. I think the selloff went too far.
Of course, Quirk can’t predict how customers would act if a dip doesn’t bounce back, and November’s figures will show whether the buying lasted.
So what is Robinhood stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what Robinhood could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
