From Yahoo Finance: 2025-06-03 16:16:00

Robinhood Markets Inc. saw its shares reach a fresh record as cryptocurrency markets surged. The stock rose 5.5% to close at $71.72 on Tuesday, surpassing its previous high of $70.39. The surge came during a rebound in both stocks and crypto, with Bitcoin hitting a new high last month.

After a rough start following its IPO, Robinhood’s shares languished due to market fluctuations. The stock slid 82% less than a year after its debut and only reached its IPO price in December 2024. However, a recent boom in crypto and positive analyst outlook have propelled the stock to record territory.

Analyst Dan Dolev praised Robinhood’s ability to capture an entire generation’s trading behavior through gamification. The company’s acquisitions, including WonderFi Technologies Inc. and Bitstamp Ltd., have helped expand its user base. Piper Sandler analyst Patrick Moley predicts continued success for Robinhood and other crypto-linked stocks as long as Bitcoin’s bull run continues.

Read more: Robinhood Shares Ride Crypto Boom Back to Record Highs