Robinhood Markets, Inc. (NASDAQ:HOOD) stands out as one in all Cathie Wood’s 10 stock picks with huge upside potential.
On February 2, 2026, falling cryptocurrency costs and issues surrounding decrease prediction market exercise weighed on the inventory, driving Robinhood Markets, Inc. (NASDAQ:HOOD) shares downward. The inventory declined by greater than 10% through the day, bringing the year-to-date decline to twenty%. The inventory closed at $89.91, down from $99.48 within the earlier session.
On the identical day, Bitcoin fell to a 10-month low close to $74,500, rattling digital-asset merchants. Nonetheless, Bitcoin recovered later within the day. That is extremely related for Robinhood Markets, Inc. (NASDAQ:HOOD), whose platform helps buying and selling in over 50 crypto tokens and whose income is carefully tied to crypto costs and buying and selling quantity.
Along with crypto volatility, a seasonal headwind related to the tip of the soccer season was highlighted by Piper Sandler on the identical day. The agency cited prediction markets as Robinhood Markets, Inc. (NASDAQ:HOOD)’s fastest-growing income stream, with soccer driving almost half of Kalshi’s quantity since August 2025. Regardless of this, the funding agency reiterated its ‘Purchase’ score on the inventory with a $155 value goal, attributing its stance to a pipeline of worldwide sporting occasions and elections later within the yr.
On the identical day, Mizuho revisited Robinhood Markets, Inc. (NASDAQ:HOOD), reiterating an ‘Outperform’ score with a $172 value goal. The funding agency believes the corporate’s UK launch of a zero-fee shares and shares ISA with a 2% money bonus earlier than April 5, 2026, may show to be a key catalyst for worldwide enlargement.
Robinhood Markets, Inc. (NASDAQ:HOOD) is understood for working a digital monetary platform that gives commission-free buying and selling in shares, ETFs, choices, and cryptocurrencies. The corporate additionally presents money administration providers, focusing on retail traders by means of a mobile-first, simplified investing expertise.
Whereas we acknowledge the potential of HOOD as an funding, we consider sure AI shares supply better upside potential and carry much less draw back danger. When you’re in search of a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on one of the best short-term AI inventory.
READ NEXT: What Are the Best Stocks to Buy Right Now? and 10 Stocks Under $1 That Will Explode.
Disclosure: None.
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