Robinhood Seen Benefiting if AI IPOs Boost Retail Trading

Dow Jones
Sep 09

0917 ET - Robinhood could be in for a big boost when AI companies like Anthropic and OpenAI go public, Mizuho analysts say in a note. The analysts highlight how SpaceX's IPO in June, and the elevated tech sentiment afterward, drove a roughly 24% month-over-month increase in equity volumes, and helped the company add about 1 million funded customers in 2Q, its biggest quarterly gain in almost five years. "If the post-SpaceX elevated retail trading environment were to repeat itself, the anticipated AI IPOs in October and in 2027 could meaningfully boost HOOD's trading volumes," the analysts say. They now forecast the company's 4Q equity volumes will increase about 50% year-over-year, up from their prior projection for 16% growth.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10