<p>Robinhood Markets (HOOD) 已悄然成为长期赢家，今年股价上涨约 203%，过去一年上涨约 187%，远超大盘表现。</p>
<p>查看我们对 Robinhood Markets 的最新分析。</p>
<p>尽管经历了一些波动的周数，近期的回调和反弹使最新股价达到 119.40 美元，过去一年总股东回报仍显示出强劲的持续动能，而非一次性激增。</p>
<p>如果 Robinhood 的激增让你重新思考未来的增长来源，现在是探索高增长科技和人工智能股票作为潜在新领军者的好时机。</p>
<p>随着三位数的增长、利润加速以及目标价仍远高于当前水平，投资者现在面临一个更棘手的问题：Robinhood 是否仍被低估，还是市场已经在消化下一轮增长？</p>
<h2>最受欢迎的叙述：21.2% 被低估</h2>
<p>以公允价值估计约为 151.55 美元，而最后收盘价为 119.40 美元，主流叙述将 Robinhood 定位为明显低估，并正在朝着更大的目标发展。</p>
<p><em>该公司在现实资产代币化、全球加密交易一体化以及 Robinhood Chain 的开发等领域的早期领导和创新，具有吸引美国和国际新用户群体的潜力，开辟全新的市场和收入来源，可能超越传统竞争对手。Robinhood Gold 等经常性收入业务的快速增长以及不断扩大的国际用户基础（包括通过收购 Bitstamp 和 WonderFi）表明其商业模式的韧性，对市场周期性的敏感度较低，并且稳定、高利润的收益流的潜力在增加。</em></p>
<p>阅读完整叙述。</p>
<p>想看看适度的增长假设、丰厚的利润率和未来收益的溢价倍数如何仍然证明从这里的上涨空间吗？完整叙述详细解读了这一公允价值判断背后的确切收入和利润路径。</p>
<p><strong>结果：公允价值为 151.55 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，预测市场的监管审查加剧以及免佣交易的竞争加剧，可能会轻易破坏这一叙述中乐观的增长假设。</p>
<p>了解 Robinhood Markets 叙述的关键风险。</p>
<h2>估值的另一种视角</h2>
<p>远离叙述，Robinhood 突然显得价格昂贵。其 48.9 倍的市盈率远高于美国资本市场行业的 25.5 倍、同行的 22 倍，以及公允比例的 27.1 倍，暗示如果热情降温，情绪风险将加大。</p>
<p>查看数字如何说明这一价格——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/552844b3-bfe7-428d-be15-a2481af925c3/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/552844b3-bfe7-428d-be15-a2481af925c3/chart/pe-multiple-vs-industry"/></p>
<p>纳斯达克 GS:HOOD 截至 2025 年 12 月的市盈率</p>
<h2>构建您自己的 Robinhood Markets 叙述</h2>
<p>如果您更愿意挑战这些假设并自己深入数字，您可以在几分钟内构建 Robinhood 未来的个性化视图：按您的方式进行。</p>
<p>您对 Robinhood Markets 研究的一个很好的起点是我们的分析，强调 3 个关键奖励和 2 个重要警示信号，这些可能会影响您的投资决策。</p>
<h2>寻找下一个投资优势？</h2>
<p>在您继续之前，通过扫描 Simply Wall St 的筛选器锁定下一个机会，该筛选器针对特定主题和财务实力提供强大的股票创意。</p>
<ul>
<li>通过关注这 3631 只财务稳健、资产负债表强劲且真实基本面而非单纯炒作的便士股票，早期锁定潜在的多倍收益。</li>
<li>通过关注这 26 只处于算法突破与快速扩展的现实需求交汇处的人工智能便士股票，乘势而上。</li>
<li>通过筛选这 914 只基于现金流的被低估股票，捕捉被低估的优质股票，其中强劲的现金流和合理的估值可能为吸引长期回报奠定基础。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<p>移动基础设施用于国防和灾难</p>
<p>下一波机器人技术不是类人型的。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达，随处可达。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

HOOD

<p>Robinhood Markets (HOOD) 今年上涨了 203%，引发了对其估值的质疑。分析师认为其被低估，公允价值估计为 151.55 美元，这得益于加密交易和代币化的创新。然而，其 48.9 倍的高市盈率与行业同行相比，暗示了潜在的情绪风险。日益严格的监管审查和竞争可能会影响增长。投资者被鼓励探索高增长的科技和人工智能股票作为潜在的领军者。Simply Wall St 提供基于历史数据和预测的分析，并不构成财务建议</p>

<p>Robinhood Markets (HOOD) has quietly turned into a long term winner, with the stock up about 203% this year and roughly 187% over the past year, far outpacing broader markets.</p>
<div class="lb-trans"><p>Robinhood Markets (HOOD) 已悄然成为长期赢家，今年股价上涨约 203%，过去一年上涨约 187%，远超大盘表现。</p>
</div><p>See our latest analysis for Robinhood Markets.</p>
<div class="lb-trans"><p>查看我们对 Robinhood Markets 的最新分析。</p>
</div><p>That strength has come despite some choppy weeks, with a recent pullback and rebound leaving the latest share price at $119.40 and the 1 year total shareholder return still signaling powerful, ongoing momentum rather than a one off spike.</p>
<div class="lb-trans"><p>尽管经历了一些波动的周数，近期的回调和反弹使最新股价达到 119.40 美元，过去一年总股东回报仍显示出强劲的持续动能，而非一次性激增。</p>
</div><p>If Robinhood’s surge has you rethinking where growth could come from next, this is a good moment to explore high growth tech and AI stocks as potential new leaders for your watchlist.</p>
<div class="lb-trans"><p>如果 Robinhood 的激增让你重新思考未来的增长来源，现在是探索高增长科技和人工智能股票作为潜在新领军者的好时机。</p>
</div><p>With triple digit gains, accelerating profits, and a price target still well above today’s level, investors now face a tougher question: is Robinhood still mispriced, or are markets already baking in the next leg of growth?</p>
<div class="lb-trans"><p>随着三位数的增长、利润加速以及目标价仍远高于当前水平，投资者现在面临一个更棘手的问题：Robinhood 是否仍被低估，还是市场已经在消化下一轮增长？</p>
</div><h2>Most Popular Narrative Narrative: 21.2% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：21.2% 被低估</h2>
</div><p>With a fair value estimate around $151.55 versus the last close at $119.40, the leading narrative frames Robinhood as materially underpriced and building toward something bigger.</p>
<div class="lb-trans"><p>以公允价值估计约为 151.55 美元，而最后收盘价为 119.40 美元，主流叙述将 Robinhood 定位为明显低估，并正在朝着更大的目标发展。</p>
</div><p><em>The company's early leadership and innovation in areas such as tokenization of real world assets, integrated global crypto trading, and the development of Robinhood Chain have the potential to attract new user bases both in the U.S. and internationally, opening up entirely new markets and revenue sources that could outpace legacy competitors. The rapid growth of recurring revenue businesses such as Robinhood Gold and the expanding international user base (including through acquisitions like Bitstamp and WonderFi) are indicative of business model resilience, less sensitivity to market cyclicality, and an increasing potential for stable, high margin earnings streams.</em></p>
<div class="lb-trans"><p><em>该公司在现实资产代币化、全球加密交易一体化以及 Robinhood Chain 的开发等领域的早期领导和创新，具有吸引美国和国际新用户群体的潜力，开辟全新的市场和收入来源，可能超越传统竞争对手。Robinhood Gold 等经常性收入业务的快速增长以及不断扩大的国际用户基础（包括通过收购 Bitstamp 和 WonderFi）表明其商业模式的韧性，对市场周期性的敏感度较低，并且稳定、高利润的收益流的潜力在增加。</em></p>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to see how moderate growth assumptions, rich margins, and a premium future earnings multiple still justify upside from here? The full narrative unpacks the exact revenue and profit path behind that fair value call.</p>
<div class="lb-trans"><p>想看看适度的增长假设、丰厚的利润率和未来收益的溢价倍数如何仍然证明从这里的上涨空间吗？完整叙述详细解读了这一公允价值判断背后的确切收入和利润路径。</p>
</div><p><strong>Result: Fair Value of $151.55 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 151.55 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, rising regulatory scrutiny of prediction markets and intensifying competition in commission free trading could easily derail the upbeat growth assumptions embedded in this narrative.</p>
<div class="lb-trans"><p>然而，预测市场的监管审查加剧以及免佣交易的竞争加剧，可能会轻易破坏这一叙述中乐观的增长假设。</p>
</div><p>Find out about the key risks to this Robinhood Markets narrative.</p>
<div class="lb-trans"><p>了解 Robinhood Markets 叙述的关键风险。</p>
</div><h2>Another Lens on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种视角</h2>
</div><p>Step away from narratives and Robinhood suddenly looks pricey. Its 48.9x price to earnings multiple towers over the US capital markets industry on 25.5x, peers at 22x, and a fair ratio of 27.1x, suggesting sentiment risk if enthusiasm cools.</p>
<div class="lb-trans"><p>远离叙述，Robinhood 突然显得价格昂贵。其 48.9 倍的市盈率远高于美国资本市场行业的 25.5 倍、同行的 22 倍，以及公允比例的 27.1 倍，暗示如果热情降温，情绪风险将加大。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字如何说明这一价格——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/552844b3-bfe7-428d-be15-a2481af925c3/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/552844b3-bfe7-428d-be15-a2481af925c3/chart/pe-multiple-vs-industry"/></p>
<p>NasdaqGS:HOOD PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>纳斯达克 GS:HOOD 截至 2025 年 12 月的市盈率</p>
</div><h2>Build Your Own Robinhood Markets Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 Robinhood Markets 叙述</h2>
</div><p>If you would rather challenge these assumptions and dig into the numbers yourself, you can build a personalized view of Robinhood’s future in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果您更愿意挑战这些假设并自己深入数字，您可以在几分钟内构建 Robinhood 未来的个性化视图：按您的方式进行。</p>
</div><p>A great starting point for your Robinhood Markets research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您对 Robinhood Markets 研究的一个很好的起点是我们的分析，强调 3 个关键奖励和 2 个重要警示信号，这些可能会影响您的投资决策。</p>
</div><h2>Looking for your next investing edge?</h2>
<div class="lb-trans"><h2>寻找下一个投资优势？</h2>
</div><p>Before you move on, lock in your next opportunity by scanning powerful stock ideas on Simply Wall St’s Screener, tailored to specific themes and financial strengths.</p>
<div class="lb-trans"><p>在您继续之前，通过扫描 Simply Wall St 的筛选器锁定下一个机会，该筛选器针对特定主题和财务实力提供强大的股票创意。</p>
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<li>Target potential multibaggers early by zeroing in on these 3631 penny stocks with strong financials showing robust balance sheets and real fundamentals, not just hype.</li>
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<div class="lb-trans"><ul>
<li>通过关注这 3631 只财务稳健、资产负债表强劲且真实基本面而非单纯炒作的便士股票，早期锁定潜在的多倍收益。</li>
<li>通过关注这 26 只处于算法突破与快速扩展的现实需求交汇处的人工智能便士股票，乘势而上。</li>
<li>通过筛选这 914 只基于现金流的被低估股票，捕捉被低估的优质股票，其中强劲的现金流和合理的估值可能为吸引长期回报奠定基础。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
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<div class="lb-trans"><p>移动基础设施用于国防和灾难</p>
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<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达，随处可达。</p>
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<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
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Robinhood (HOOD)：在股价大幅上涨后重新评估其估值