Robinhood Markets (HOOD) saw its shares surge to triple digits for the first time, hitting an all-time high due to a move into tokenized assets. The company introduced tokenized stocks for European users, signaling a shift in strategy towards a growing sector in the financial market.

Despite its disruptive past, Robinhood is now seen as a serious player in the fintech space, with a market cap of $87 billion. The stock has delivered a remarkable 346% return over the past 52 weeks, outperforming the S&P 500 by a wide margin.

Robinhood recently reported stellar Q1 2025 earnings, exceeding analyst expectations. Total net revenue jumped 50% year-over-year to $927 million, with transaction-based revenues climbing 77%. Net interest revenue also rose 14%, while adjusted EBITDA increased by 90%.

The company’s strong performance was supported by a surge in Robinhood Gold subscriptions and growing transaction revenues. Looking ahead, Robinhood plans to expand its financial ecosystem with new offerings in banking, advisory services, and international markets.

Analysts are optimistic about HOOD stock, with price targets ranging from $100 to $110. Despite already trading above its average price target, analysts believe that Robinhood’s momentum is far from exhausted, driven by product innovation and user monetization.

Read more at Yahoo Finance: Can Robinhood Stock Hit $112 in 2025?