<p><strong>Robinhood Markets, Inc.</strong> HOOD 股票在周五盘前下跌了 5.5%，原因是对小账户盈利能力和低加密货币交易量的担忧。</p>
<p>热门投资机会</p>
<h2>第二季度超出预期，但对盈利能力和竞争规模的担忧依然存在</h2>
<p>Robinhood 第二季度的收入达到了 9.89 亿美元，同比增长 45%，超出了华尔街 8.9895 亿美元的预期。</p>
<p><em>HOOD 股票：现在可以在这里跟踪。</em></p>
<p><strong>JP Morgan</strong> 的 <strong>Kenneth B. Worthington</strong> 维持中性评级，但将其目标价从 98 美元上调至 104 美元。尽管 Robinhood 的业绩令人印象深刻且运营费用得到控制，Worthington 仍对平台小账户的长期盈利能力表示担忧。他还指出，Robinhood 在产品范围和规模上仍落后于更大的竞争对手。</p>
<p>Robinhood 第二季度的表现及其股票价值的随之下跌，正值总加密货币交易量因市场波动性降低而环比下降 39%。值得注意的是，加密货币交易量在 7 月有所增加。投资公司 <strong>Bernstein</strong> 认为，加密货币牛市周期仍处于 “早期阶段”，这可能在下一个季度为 Robinhood 带来潜在好处。</p>
<h2>分析师看好产品增长、运营杠杆，CEO 看到代币化潜力</h2>
<p><strong>Cantor</strong> 的 <strong>Brett Knoblauch</strong> 重申了超配评级，并将其目标价从 100 美元上调至 118 美元。Knoblauch 强调了公司在第三季度的强劲开局，7 月净存款超过 60 亿美元，股票和期权交易量预计将创下历史新高。他还提到，产品创新正在推动用户增长，并增加 Robinhood 在客户钱包中的份额。</p>
<p><strong>Needham</strong> 的 <strong>John Todaro</strong> 维持买入评级，并大幅上调其价格预测，从 71 美元提高至 120 美元。Todaro 表达了对公司增强运营杠杆潜力的信心，将 2026 年的 EBITDA 利润率预期提升至约 65%。他还将 2025 财年的收入预测从 39.41 亿美元上调至 43.42 亿美元。</p>
<p>此外，Robinhood CEO Vlad Tenev 在公司第二季度财报电话会议上对美国股权代币化的未来表示乐观。Tenev 认为，将以前无法接触的资产（如私募市场）进行代币化，代表了美国的 “真实机会”。</p>
<ul>
<li><strong>Robinhood 第二季度：双重超预期，加密货币收入几乎翻倍</strong></li>
</ul>
<p><em>图片来源于 Shutterstock</em></p>

HOOD

<p>Robinhood Markets, Inc. (HOOD) 的股票在盘前交易中下跌了 5.5%，原因是对小型账户盈利能力和加密货币交易量下降的担忧。尽管第二季度的收入强劲，达到 9.89 亿美元，超出预期，但分析师们的看法不一。摩根大通维持中性评级，并将目标价上调至 104 美元，指出长期盈利能力的担忧。相反，Cantor 和 Needham 的分析师大幅上调了他们的目标价，强调第三季度的强劲表现和产品创新。首席执行官 Vlad Tenev 认为股权代币化具有作为增长机会的潜力</p>

<p><strong>Robinhood Markets, Inc.</strong> HOOD stock declined 5.5% during Friday pre-market amid concerns over profitability of smaller accounts and low crypto trading volumes.</p>
<div class="lb-trans"><p><strong>Robinhood Markets, Inc.</strong> HOOD 股票在周五盘前下跌了 5.5%，原因是对小账户盈利能力和低加密货币交易量的担忧。</p>
</div><p>Trending Investment Opportunities</p>
<div class="lb-trans"><p>热门投资机会</p>
</div><h2>Q2 Beats Expectations, But Concerns Linger Over Profitability, Competitive Scale</h2>
<div class="lb-trans"><h2>第二季度超出预期，但对盈利能力和竞争规模的担忧依然存在</h2>
</div><p>Robinhood’s Q2 revenue hit $989.0 million, marking a 45% increase year-over-year and beating the Street’s estimate of $898.95 million.</p>
<div class="lb-trans"><p>Robinhood 第二季度的收入达到了 9.89 亿美元，同比增长 45%，超出了华尔街 8.9895 亿美元的预期。</p>
</div><p><em>HOOD stock: Track it now here.</em></p>
<div class="lb-trans"><p><em>HOOD 股票：现在可以在这里跟踪。</em></p>
</div><p><strong>Kenneth B. Worthington</strong> from <strong>JP Morgan</strong> retained a Neutral rating but increased his price target from $98 to $104. Despite Robinhood’s impressive results and controlled operating expenses, Worthington expressed concerns about the long-term profitability of the platform’s smaller accounts. He also pointed out that Robinhood still trails behind larger competitors in terms of product range and scale.</p>
<div class="lb-trans"><p><strong>JP Morgan</strong> 的 <strong>Kenneth B. Worthington</strong> 维持中性评级，但将其目标价从 98 美元上调至 104 美元。尽管 Robinhood 的业绩令人印象深刻且运营费用得到控制，Worthington 仍对平台小账户的长期盈利能力表示担忧。他还指出，Robinhood 在产品范围和规模上仍落后于更大的竞争对手。</p>
</div><p>Robinhood’s Q2 performance and the subsequent drop in its stock value came as the total crypto trading volume fell 39% sequentially due to lower market volatility. Notably, the crypto volume increased in July. Investment firm <strong>Bernstein</strong> believes that the crypto bull cycle is still in its “early stages,” which could potentially benefit Robinhood in a lead up to the next quarter.</p>
<div class="lb-trans"><p>Robinhood 第二季度的表现及其股票价值的随之下跌，正值总加密货币交易量因市场波动性降低而环比下降 39%。值得注意的是，加密货币交易量在 7 月有所增加。投资公司 <strong>Bernstein</strong> 认为，加密货币牛市周期仍处于 “早期阶段”，这可能在下一个季度为 Robinhood 带来潜在好处。</p>
</div><h2>Analysts Bullish Amid Product Growth, Operating Leverage, CEO Sees Tokenization Potential</h2>
<div class="lb-trans"><h2>分析师看好产品增长、运营杠杆，CEO 看到代币化潜力</h2>
</div><p><strong>Brett Knoblauch</strong> from <strong>Cantor</strong> reaffirmed an Overweight rating and raised his price target from $100 to $118. Knoblauch emphasized the firm’s strong start to Q3, with net deposits in July exceeding $6 billion and equity and options volumes expected to hit record highs. He also mentioned that product innovation is fueling user growth and increasing Robinhood’s share of customer wallets.</p>
<div class="lb-trans"><p><strong>Cantor</strong> 的 <strong>Brett Knoblauch</strong> 重申了超配评级，并将其目标价从 100 美元上调至 118 美元。Knoblauch 强调了公司在第三季度的强劲开局，7 月净存款超过 60 亿美元，股票和期权交易量预计将创下历史新高。他还提到，产品创新正在推动用户增长，并增加 Robinhood 在客户钱包中的份额。</p>
</div><p><strong>John Todaro</strong> from <strong>Needham</strong> maintained a Buy rating and significantly upped his price forecast from $71 to $120. Todaro conveyed increased confidence in the company’s potential to enhance operating leverage, lifting the projected 2026 EBITDA margin to around 65%. He also raised the fiscal 2025 revenue forecast to $4.342 billion, up from $3.941 billion.</p>
<div class="lb-trans"><p><strong>Needham</strong> 的 <strong>John Todaro</strong> 维持买入评级，并大幅上调其价格预测，从 71 美元提高至 120 美元。Todaro 表达了对公司增强运营杠杆潜力的信心，将 2026 年的 EBITDA 利润率预期提升至约 65%。他还将 2025 财年的收入预测从 39.41 亿美元上调至 43.42 亿美元。</p>
</div><p>Moreover, Robinhood CEO Vlad Tenev expressed a positive outlook towards the future of equity tokenization in the U.S. during the company's Q2 earnings call. Tenev believes that tokenizing assets that were previously inaccessible, such as private markets, presents a “real opportunity” in the U.S.</p>
<div class="lb-trans"><p>此外，Robinhood CEO Vlad Tenev 在公司第二季度财报电话会议上对美国股权代币化的未来表示乐观。Tenev 认为，将以前无法接触的资产（如私募市场）进行代币化，代表了美国的 “真实机会”。</p>
</div><ul>
<li><strong>Robinhood Q2: Double Beat, Crypto Revenue Nearly Doubles</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>Robinhood 第二季度：双重超预期，加密货币收入几乎翻倍</strong></li>
</ul>
</div><p><em>Image via Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源于 Shutterstock</em></p>
</div>

挚文集团的股票在周五盘前下跌超过 5%：究竟发生了什么情况？