Robinhood Rallied With Crypto This Week. Its Biggest Growth Lane Still Isn’t Legal at Home

Key Stats for Robinhood Stock

• Current Price: $95.10
• Target Price (Mid): ~$235
• Street Target: ~$120
• Potential Total Return: ~145%
• Annualized IRR: ~23% / year

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What Happened?

Robinhood Markets (HOOD) rose 4.63% on August 19, but not for a reason specific to Robinhood. The stock climbed alongside Strategy, Coinbase, and Circle as the U.S. Treasury doubled its long-dated bond buybacks and Bitcoin pushed back above $68,000. Of that crypto-sensitive group, Robinhood gained the least, because crypto is a smaller share of its business than the others.

Strip out the macro rally, and a company-specific question is still sitting unanswered underneath it: Robinhood sells tokenized U.S. stocks to customers in more than 120 countries, and it cannot legally sell one to an American.

The Product Robinhood Runs Everywhere But Here

Stock tokens are blockchain versions of real shares, fully backed by the underlying securities and tradable 24/7, including weekends and holidays. Robinhood launched them for European customers last year and has since expanded across more than 120 markets, built on Robinhood Chain, the company’s own Ethereum layer-2 network that went live in July 2026.