- Equity daily average trades rose 23% year-over-year to 4 million.
- Total platform assets jumped 49% from the prior year to $345.4 billion.
- Deutsche Bank reiterated its Buy rating and $86 price target on the news.
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Robinhood stock gains 5% after strong April trading data
Robinhood Markets (HOOD) gained 5.2% after releasing April 2026 operating data that showed a year-over-year surge in equity trading and platform assets, prompting a positive analyst note.
Deutsche Bank reiterated a Buy rating and an $86 price target on the stock, noting that strength in equities and options volumes offset softer crypto activity.
The company reported equity daily average trades (DATs) of 4 million, a 23% increase from April 2025, while options DATs rose 7% to 1.3 million. Total platform assets climbed 49% year-over-year to $345.4 billion, bolstered by $6 billion in net deposits during the month. However, crypto DATs declined 20% from the prior-year month to 0.6 million.
The stock’s rise reflects investor focus on strong net deposit growth and core brokerage metrics over crypto weakness. While shares are down more than 30% in 2026, the strong operating data provides fundamental support for the company's growth narrative outside of the volatile digital asset market.
Robinhood’s report detailed broad-based momentum outside of its crypto segment. Funded customers grew 7% year-over-year to 27.6 million. The growth in platform assets helped drive securities lending revenue 28% higher to $32 million for the month.
The positive data comes amid a challenging period for the stock, which has fallen 30.4% over the past six months against a 4.5% gain for the industry, according to Zacks Investment Research. The firm currently has a "Strong Sell" rating on the stock, citing concerns over the performance of crypto markets and high compliance costs.
Peers in the brokerage space also reported April metrics. Interactive Brokers (IBKR) saw total client DARTs increase 11% from April 2025, while Tradeweb (TW) reported a total trading volume of $62.2 trillion.
The strong April metrics suggest Robinhood's efforts to diversify its revenue streams and grow its asset base are gaining traction with investors. The company's next catalyst will be its full second-quarter earnings report, which will provide further details on margin performance and customer growth trends.
This article is for informational purposes only and does not constitute investment advice.
