<p>TradingKey - Robinhood Markets, Inc.（纳斯达克：HOOD）在零售交易、加密货币和市场一致时也展现了其快速发展的能力。在 2025 年，Robinhood 报告了创纪录的收入 45 亿美元，创纪录的稀释每股收益为 2.05 美元，以及创纪录的净存款 680 亿美元，拥有超过 420 万的 Robinhood Gold 订阅用户。截至 2026 年，路透社报道称，该股票也面临压力，年初至今下跌超过 27%，主要是由于第一季度的盈利未达预期，主要原因是加密货币交易收入疲软。当前每股价格约为 82.07 美元，当前的跑赢市盈率约为 34.2，Robinhood 在当前环境中被定价为成长股，而非纯粹的动量股。</p>
<h2>Robinhood 是什么公司？</h2>
<p>作为一个面向零售投资者的免佣金投资和交易平台，Robinhood 允许消费者交易股票、期权和期货，以及事件合约和加密货币。此外，Robinhood 还提供退休投资和一系列金融服务，包括 Robinhood Gold 订阅和名为 Robinhood Strategies 的管理投资组合。Robinhood 旨在建立一个广泛的金融服务生态系统，提供多种收入来源，希望从仅仅是一个让年轻用户免费交易的应用程序转变为一个全面的金融科技公司。</p>
<h2>Robinhood 如何赚钱</h2>
<p>虽然 Robinhood 的核心业务仍然围绕基于交易的活动，但现在整体收入组合中有更广泛的收入来源。在 2025 财年第四季度，Robinhood 报告了所有收入来源的增长：基于交易的收入增长了 15%，达到 7.76 亿美元；净利息收入增长了 39%，达到 4.11 亿美元；其他收入增长了 109%，达到 9600 万美元，主要得益于 Robinhood Gold 订阅服务等。总的来说，公司报告的总收入为 45 亿美元，资金账户达到 2700 万个。</p>
<p>这种多样化不仅扩展了 Robinhood 的收入来源，还体现在 Robinhood 如何发展其业务；Robinhood 开始扩展其产品供应，包括信用卡、财务顾问服务、银行相关产品/服务、预测市场和专业管理的投资组合。此外，路透社在 4 月报道，Robinhood 的风险投资部门对 OpenAI 进行了 7500 万美元的投资，强调了 Robinhood 希望不仅仅是一个经纪应用程序，而是成为一个全方位服务的金融科技公司的意图。</p>
<h2>最新财务结果显示出强劲，但也有明显的弱点</h2>
<p>根据路透社的报道，Robinhood 在 2026 年第一季度的结果喜忧参半，Robinhood 在第一季度赚取了 3.46 亿美元（每股收益 38 美分），低于预期，基于交易的收入约为 6.23 亿美元，也未达到预测。</p>
<p>Robinhood 面临的最大挑战之一是其加密货币收入大幅下降，同比下降 47%，约为 1.34 亿美元，原因是市场交易量降低。</p>
<p>即使《巴伦周刊》报道他们的总收入增加到 10.7 亿美元，但在盘后交易中，Robinhood 的股票下跌，因为他们的总收入和交易收入都未达到预期。</p>
<p>值得注意的是，Robinhood 并没有亏损，而是对交易的敏感性。当股票和期权的交易量保持强劲时，Robinhood 会产生非常积极的结果。但随着加密货币的下滑，加密货币收入的下降迅速反映在交易活动中。这种矛盾构成了 Robinhood 故事的基础，因为他们正在转型为更加多元化的公司，但在市场条件变化时仍表现得像是一只高度依赖交易的股票。</p>
<h2>为什么股票在 2025 年表现如此强劲</h2>
<p>在 2025 年，Robinhood 的股价在整个股市中实现了一些最高的涨幅。根据路透社的报道，该股票在此期间几乎翻了三倍，主要是因为零售交易活动仍然是一个重要的推动因素，而 Robinhood 在与之前的市场周期相比表现出显著的韧性。路透社进一步指出，在 2025 年第四季度，Robinhood 的基于交易的收入从 7.3 亿美元翻倍至超过 15 亿美元，其收入主要来自股票交易增长 132%，加密货币增长 300%，期权增长 50%。因此，这些业绩指标让投资者相信，他们的商业模式终于从最初的挣扎中找到了立足点，并成功完成了向长期可持续增长机器的转型。</p>
<p>然而，这种显著的强劲表现为 2026 年及以后的比较创造了更为严峻的基准。经历了如此陡峭涨幅的股票通常需要在收入生成和用户参与方面持续增长，以保持在其价格趋势线之上。如果在这两个类别中出现放缓，当市场将最新季度的结果与 2025 年（特别是 2025 年第四季度）极高表现的季度进行比较时，几乎总会对 Robinhood 的投资者情绪产生显著的回撤。这正是 Robinhood 在发布 2026 年第一季度财务结果后所经历的情况。</p>
<h2>HOOD 在 2026 年还能否继续上涨？</h2>
<p>可能会，但自 2025 年底以来，增长的空间变小了。对于 2025 年，Robinhood 在其运营中展现了动能，并继续扩大其产品和用户基础。根据路透社的报道，Robinhood Gold 的订阅用户比 2025 年增加了至少 36%，截至 2026 年第一季度达到 430 万用户，而《巴伦周刊》报道 Robinhood Strategies 的资金账户总数超过 285,000 个，资产超过 16 亿美元。此外，Robinhood 还进入了预测市场，并创建了可能在未来扩大公司收入基础的相关产品，前提是这些产品能够被采纳。</p>
<p>对大幅上涨的最乐观预期是，Robinhood 继续成为通过公共市场投资零售交易活动的最直接方式，预计在 2025 年零售资金流入将持续增加。如果加密货币交易量回升，期权交易量健康，新产品继续扩展，市场可能会将近期的下跌视为整合，而不是 Robinhood 的终结。这是一个推测，但得到了 Robinhood 收入模型和股票对交易周期历史反应的支持。</p>
<h2>技术面不再是干净的突破</h2>
<p>就整体动量特征而言，该股票现在看起来与 2025 年极端上涨时大相径庭。它已经完成了第一阶段非常大的上涨，并且现在开始进入修正阶段；路透社指出，该股票因第一季度的失望而迄今下跌超过 27%。在当前价格（约 82 美元）下，该股票处于估值溢价状态；因此，市场尚未完全重置为新的预期，然而，投资者之前追逐的平滑、干净的上涨趋势已经明显破裂，因此我的结论是，这目前是一个整合/重建阶段，而不是一个干净的突破阶段。</p>
<h2>主要风险</h2>
<p>最大的威胁之一来自对交易活动的依赖，特别是与加密相关的投资。在其最近的一个季度（2022 年第三季度），Robinhood 的数字资产下降导致收入显著减少，因为数字使用量大幅下降，而其业务的其他部分仍在扩展。此外，可能会面临额外的监管审查（即，SEC 是否会要求对保证金、期权和事件合约产品进行额外监管），因为这些产品仍与 Robinhood 的业务相关。</p>
<p>第二个风险来源涉及 Robinhood 的增长潜力。其市盈率目前超过 34，这意味着它不再是一只便宜的股票。虽然这本身并不使其成为一只不吸引人的股票，但这确实表明，Robinhood 股票的当前价值反映了公司至少以与其市盈率相等的速度增长并开发新产品。如果这两者减弱或新产品（如事件市场或管理投资）的开发放缓，那么即使整体公司故事在长期内保持不变，Robinhood 仍可能继续面临高波动性，因为当前交易量水平正在从其现有趋势中下降。</p>
<h2>现在 Robinhood 值得购买吗？</h2>
<p>在美国金融科技行业，Robinhood 拥有最令人印象深刻的增长特征之一，并且比过去更为成熟。公司的收入达到了历史新高，黄金订阅人数在增加，客户基础比以往任何时候都要大，产品范围也比作为经纪应用时更广泛。然而，在其最近的一个季度中，其股票仍然与交易量和加密货币价格表现出显著的相关性，尽管其股价已经反映了很多乐观情绪。</p>
<p>因此，尽管不能保证 Robinhood 的股票在 2026 年会显著上涨，但如果市场看到活动复苏并且其新产品继续表现良好，仍然有额外反弹的潜力。此外，对于那些对季节性波动感到舒适的长期投资者来说，HOOD 似乎仍然是一只具有良好上行潜力的可行增长股。对于那些寻求较低收益波动的人来说，最近的下跌提醒我们，Robinhood 仍然是一个经历周期性的行业。</p>
<p>了解更多</p>

HOOD

2 倍做多 HOOD ETF - Defiance

2 倍做多 HOOD ETF - T-Rex

2 倍做多 Robinhood ETF - Leverage Shares

<p>Robinhood Markets, Inc.（纳斯达克代码：HOOD）在 2025 年报告了创纪录的 45 亿美元收入，但在 2026 年面临挑战，年初至今股价下跌 27%，主要由于令人失望的盈利表现，尤其是在加密交易方面。尽管公司拥有多元化的收入来源，包括基于交易的收入和净利息收入，但 2026 年第一季度的业绩未能达到预期，导致股价下滑。公司向全方位金融科技服务的转型旨在提升其商业模式，但必须保持增长，以避免在 2025 年强劲表现后投资者情绪的回落</p>

<p>TradingKey - Robinhood Markets, Inc. (NASDAQ: HOOD) has also demonstrated its fast-moving abilities when retail trading, crypto, and the market are aligned. In 2025, Robinhood reported record revenues of $4.5 billion, record diluted EPS of $2.05, and record net deposits of $68 billion with over 4.2 million subscribers to Robinhood Gold. As of 2026, the stock has also been under pressure according to Reuters, falling over 27% year to date as a result of a miss in earnings for the first quarter primarily due to lackluster revenue from crypto trading. With a current price per share of around $82.07 and current run-rate trailing P/E of approximately 34.2, Robinhood is priced like a growth stock in the current environment but not like pure momentum.</p>
<div class="lb-trans"><p>TradingKey - Robinhood Markets, Inc.（纳斯达克：HOOD）在零售交易、加密货币和市场一致时也展现了其快速发展的能力。在 2025 年，Robinhood 报告了创纪录的收入 45 亿美元，创纪录的稀释每股收益为 2.05 美元，以及创纪录的净存款 680 亿美元，拥有超过 420 万的 Robinhood Gold 订阅用户。截至 2026 年，路透社报道称，该股票也面临压力，年初至今下跌超过 27%，主要是由于第一季度的盈利未达预期，主要原因是加密货币交易收入疲软。当前每股价格约为 82.07 美元，当前的跑赢市盈率约为 34.2，Robinhood 在当前环境中被定价为成长股，而非纯粹的动量股。</p>
</div><h2>What Company Is Robinhood？</h2>
<div class="lb-trans"><h2>Robinhood 是什么公司？</h2>
</div><p>As a commission-free investing and trading platform for retail investors, Robinhood allows consumers to trade stocks, options and futures, and event contracts, as well as cryptocurrencies. In addition, Robinhood offers retirement investing and a suite of financial services that includes Robinhood Gold subscriptions and managed portfolios called Robinhood Strategies. Aiming to build an extensive ecosystem of financial services offering multiple revenue sources, Robinhood hopes to transition away from being just an app that facilitated young adult users to trade for free.</p>
<div class="lb-trans"><p>作为一个面向零售投资者的免佣金投资和交易平台，Robinhood 允许消费者交易股票、期权和期货，以及事件合约和加密货币。此外，Robinhood 还提供退休投资和一系列金融服务，包括 Robinhood Gold 订阅和名为 Robinhood Strategies 的管理投资组合。Robinhood 旨在建立一个广泛的金融服务生态系统，提供多种收入来源，希望从仅仅是一个让年轻用户免费交易的应用程序转变为一个全面的金融科技公司。</p>
</div><h2>How Robinhood Makes Money</h2>
<div class="lb-trans"><h2>Robinhood 如何赚钱</h2>
</div><p>While the core of Robinhood's business remains built around transaction-based activity, there's now a wider variety of revenue streams within the overall revenue mix. In Q4 FY 2025, Robinhood reported growth across all of its revenue streams: Transaction-based revenue grew 15% to $776 million; Net interest revenue grew 39% to $411 million; Other revenue grew 109% to $96 million, driven by the Robinhood Gold subscription service and others. In total, the company reported total revenues of $4.5 billion, and 27.0 million funded accounts.</p>
<div class="lb-trans"><p>虽然 Robinhood 的核心业务仍然围绕基于交易的活动，但现在整体收入组合中有更广泛的收入来源。在 2025 财年第四季度，Robinhood 报告了所有收入来源的增长：基于交易的收入增长了 15%，达到 7.76 亿美元；净利息收入增长了 39%，达到 4.11 亿美元；其他收入增长了 109%，达到 9600 万美元，主要得益于 Robinhood Gold 订阅服务等。总的来说，公司报告的总收入为 45 亿美元，资金账户达到 2700 万个。</p>
</div><p>This diversification extends beyond Robinhood's revenue sources to how Robinhood is growing its business; Robinhood has embarked upon expanding its product offerings to include credit cards, financial advisory services, banking-related products/services, prediction markets, and professionally managed portfolios. Additionally, Reuters reported in April that Robinhood's venture capital division made a $75 million investment in OpenAI, underscoring Robinhood's intention to be more than just a brokerage application and become a full-service fintech company.</p>
<div class="lb-trans"><p>这种多样化不仅扩展了 Robinhood 的收入来源，还体现在 Robinhood 如何发展其业务；Robinhood 开始扩展其产品供应，包括信用卡、财务顾问服务、银行相关产品/服务、预测市场和专业管理的投资组合。此外，路透社在 4 月报道，Robinhood 的风险投资部门对 OpenAI 进行了 7500 万美元的投资，强调了 Robinhood 希望不仅仅是一个经纪应用程序，而是成为一个全方位服务的金融科技公司的意图。</p>
</div><h2>The Latest Financial Results Show Strength, but Also a Clear Weak Spot</h2>
<div class="lb-trans"><h2>最新财务结果显示出强劲，但也有明显的弱点</h2>
</div><p>Results for Robinhood in Q1 2026 were a mixed bag according to Reuters, and true to form Robinhood earned $346 million (38 cents EPS) in the first quarter which was below expectations as well as transaction-based revenue of approximately $623 million which also fell short of forecasts.</p>
<div class="lb-trans"><p>根据路透社的报道，Robinhood 在 2026 年第一季度的结果喜忧参半，Robinhood 在第一季度赚取了 3.46 亿美元（每股收益 38 美分），低于预期，基于交易的收入约为 6.23 亿美元，也未达到预测。</p>
</div><p>One of the biggest challenges for Robinhood was a big drop in its crypto revenue, which fell 47% compared to the prior year around $134 million because of lower market volumes.</p>
<div class="lb-trans"><p>Robinhood 面临的最大挑战之一是其加密货币收入大幅下降，同比下降 47%，约为 1.34 亿美元，原因是市场交易量降低。</p>
</div><p>Even Barron’s reported their total revenue increased to $1.07 billion, but after hours Robinhood stock fell because both their total revenue and transaction revenue did not meet expectations.</p>
<div class="lb-trans"><p>即使《巴伦周刊》报道他们的总收入增加到 10.7 亿美元，但在盘后交易中，Robinhood 的股票下跌，因为他们的总收入和交易收入都未达到预期。</p>
</div><p>What is notable is Robinhood's inability to lose money, but rather their sensitivity to trading. When volume in equities and options remains strong, Robinhood produces very positive results. But as crypto experiences declines, the declines in crypto revenue quickly appear in transaction activities. This contradiction forms the basis of the Robinhood story as they are transitioning to being more diversified but still behaving as if they were very much a trading/discretionary stock when market conditions change.</p>
<div class="lb-trans"><p>值得注意的是，Robinhood 并没有亏损，而是对交易的敏感性。当股票和期权的交易量保持强劲时，Robinhood 会产生非常积极的结果。但随着加密货币的下滑，加密货币收入的下降迅速反映在交易活动中。这种矛盾构成了 Robinhood 故事的基础，因为他们正在转型为更加多元化的公司，但在市场条件变化时仍表现得像是一只高度依赖交易的股票。</p>
</div><h2>Why the Stock Had Such a Strong 2025</h2>
<div class="lb-trans"><h2>为什么股票在 2025 年表现如此强劲</h2>
</div><p>In 2025, Robinhood's stock price achieved some of the highest gains in the entire stock market. According to Reuters, the stock nearly tripled during that time period mainly because retail trading activity remained a significant contributing factor, and Robinhood proved to be significantly more resilient compared to prior market cycles. Reuters further noted that in Q4 2025, Robinhood's transaction-based revenues had more than doubled from $730 million to over $1.5 billion, with their revenues coming primarily from equity trades increasing by 132%, crypto by 300%, and options by 50%. Therefore, these performance metrics gave investors confidence that they had finally elevated their business model from where it initially struggled to find footing and had successfully completed its transformation to a long-term viable growth machine.</p>
<div class="lb-trans"><p>在 2025 年，Robinhood 的股价在整个股市中实现了一些最高的涨幅。根据路透社的报道，该股票在此期间几乎翻了三倍，主要是因为零售交易活动仍然是一个重要的推动因素，而 Robinhood 在与之前的市场周期相比表现出显著的韧性。路透社进一步指出，在 2025 年第四季度，Robinhood 的基于交易的收入从 7.3 亿美元翻倍至超过 15 亿美元，其收入主要来自股票交易增长 132%，加密货币增长 300%，期权增长 50%。因此，这些业绩指标让投资者相信，他们的商业模式终于从最初的挣扎中找到了立足点，并成功完成了向长期可持续增长机器的转型。</p>
</div><p>However, this significant strength creates a much tougher comparison point for 2026 going forward. A stock that has experienced such steep gains through 2025 typically requires continued growth in revenue generation and user engagement to stay above its price trendline. If there is a slowdown in either category when the market compares the latest quarter's results against an extremely high-performance quarter in 2025 (specifically Q4 ’25), there is almost always going to be a significant retracement of investor sentiment towards Robinhood. That is exactly what occurred following the release of Robinhood's financial results for Q1 2026.</p>
<div class="lb-trans"><p>然而，这种显著的强劲表现为 2026 年及以后的比较创造了更为严峻的基准。经历了如此陡峭涨幅的股票通常需要在收入生成和用户参与方面持续增长，以保持在其价格趋势线之上。如果在这两个类别中出现放缓，当市场将最新季度的结果与 2025 年（特别是 2025 年第四季度）极高表现的季度进行比较时，几乎总会对 Robinhood 的投资者情绪产生显著的回撤。这正是 Robinhood 在发布 2026 年第一季度财务结果后所经历的情况。</p>
</div><h2>Can HOOD Still Surge in 2026?</h2>
<div class="lb-trans"><h2>HOOD 在 2026 年还能否继续上涨？</h2>
</div><p>It may be, but the route has become smaller since the end of 2025. For 2025, Robinhood showed momentum in its operations, and continues to grow both its product and user base. According to Reuters, Robinhood Gold has at least 36% more subscribers than in 2025, for 4.3 million subscribers as of Q1 2026, and Barron’s reported that Robinhood Strategies had 285,000+ accounts funded total with over $1.6 billion in assets. In addition to this, Robinhood is also entering the prediction market and creating adjacent products that could potentially expand the company’s revenue base in the future, assuming these offerings are adopted.</p>
<div class="lb-trans"><p>可能会，但自 2025 年底以来，增长的空间变小了。对于 2025 年，Robinhood 在其运营中展现了动能，并继续扩大其产品和用户基础。根据路透社的报道，Robinhood Gold 的订阅用户比 2025 年增加了至少 36%，截至 2026 年第一季度达到 430 万用户，而《巴伦周刊》报道 Robinhood Strategies 的资金账户总数超过 285,000 个，资产超过 16 亿美元。此外，Robinhood 还进入了预测市场，并创建了可能在未来扩大公司收入基础的相关产品，前提是这些产品能够被采纳。</p>
</div><p>The most bullish case for a large movement up is that Robinhood continues to be one of the most direct ways to invest in retail trading activity through the public markets, with continued increases in retail inflows throughout 2025. If crypto volume comes back, there are healthy option trading volumes, and new products continue to scale, the market could perceive the recent dip as a consolidation and not an end to Robinhood. This is an inference but is supported by Robinhood's revenue model and the historical responses of the stock to trading cycles.</p>
<div class="lb-trans"><p>对大幅上涨的最乐观预期是，Robinhood 继续成为通过公共市场投资零售交易活动的最直接方式，预计在 2025 年零售资金流入将持续增加。如果加密货币交易量回升，期权交易量健康，新产品继续扩展，市场可能会将近期的下跌视为整合，而不是 Robinhood 的终结。这是一个推测，但得到了 Robinhood 收入模型和股票对交易周期历史反应的支持。</p>
</div><h2>The Technical Picture Is No Longer a Clean Breakout</h2>
<div class="lb-trans"><h2>技术面不再是干净的突破</h2>
</div><p>With respect to its overall momentum profile, the stock now looks very different than it did when the stock was on its extreme run from 2025. It has completed the first, very large up phase, and has now begun to move into a corrective phase; Reuters indicated that the stock is down over 27% to date on the back of Q1 disapointments. At the current price (approximately $82), the stock is at a valuation premium; thus, the market has not yet fully reset to the new expectations, however, there is a visible, clear breakdown of the smooth, clean trend of upward price movement that investors were chasing earlier this year and so my conclusion is that this is currently a consolidation/rebuild phase, rather than a clean breakout phase.</p>
<div class="lb-trans"><p>就整体动量特征而言，该股票现在看起来与 2025 年极端上涨时大相径庭。它已经完成了第一阶段非常大的上涨，并且现在开始进入修正阶段；路透社指出，该股票因第一季度的失望而迄今下跌超过 27%。在当前价格（约 82 美元）下，该股票处于估值溢价状态；因此，市场尚未完全重置为新的预期，然而，投资者之前追逐的平滑、干净的上涨趋势已经明显破裂，因此我的结论是，这目前是一个整合/重建阶段，而不是一个干净的突破阶段。</p>
</div><h2>The Main Risks</h2>
<div class="lb-trans"><h2>主要风险</h2>
</div><p>One of the greatest threats comes from dependence on trading activity, particularly with regard to crypto-related investments. In its most recent quarter (the third quarter of 2022), Robinhood's decline in digital assets led to a significant decrease in revenue as digital usage fell significantly while other parts of its business continued to expand. In addition, there exists the potential for additional regulatory scrutiny (i.e., whether or not the SEC would require additional regulation on margin, options, and event contract products) as these products are still tied to Robinhood's business.</p>
<div class="lb-trans"><p>最大的威胁之一来自对交易活动的依赖，特别是与加密相关的投资。在其最近的一个季度（2022 年第三季度），Robinhood 的数字资产下降导致收入显著减少，因为数字使用量大幅下降，而其业务的其他部分仍在扩展。此外，可能会面临额外的监管审查（即，SEC 是否会要求对保证金、期权和事件合约产品进行额外监管），因为这些产品仍与 Robinhood 的业务相关。</p>
</div><p>The second source of risk involves Robinhood's potential for growth. Its trailing P/E ratio is currently above 34, meaning that it is no longer an inexpensive stock. While this does not by itself make it an unattractive stock, it does indicate that the current values for Robinhood's stock reflect the company growing at least at a rate equal to that of its P/E ratio and developing new products. If either diminish or slow down development of new products such as event markets or managed investments, then Robinhood may well continue being subject to high volatility, even if the overall company story remains unaltered over the long run due to current trading volume levels declining from their present trends.</p>
<div class="lb-trans"><p>第二个风险来源涉及 Robinhood 的增长潜力。其市盈率目前超过 34，这意味着它不再是一只便宜的股票。虽然这本身并不使其成为一只不吸引人的股票，但这确实表明，Robinhood 股票的当前价值反映了公司至少以与其市盈率相等的速度增长并开发新产品。如果这两者减弱或新产品（如事件市场或管理投资）的开发放缓，那么即使整体公司故事在长期内保持不变，Robinhood 仍可能继续面临高波动性，因为当前交易量水平正在从其现有趋势中下降。</p>
</div><h2>Is Robinhood a Buy Now?</h2>
<div class="lb-trans"><h2>现在 Robinhood 值得购买吗？</h2>
</div><p>In the U.S. fintech industry, Robinhood has one of the most impressive growth profiles and is more developed than it was in the past. The company's revenue is at an all-time high, Gold subscriptions are increasing, its customer base is larger than ever, and it has a wider range of products compared to when it was a brokerage application. However, during its most recent quarter, its stock still exhibited significant correlations with trading volumes and cryptocurrency prices, and this is despite the fact that its stock price has already priced in a lot of optimism.</p>
<div class="lb-trans"><p>在美国金融科技行业，Robinhood 拥有最令人印象深刻的增长特征之一，并且比过去更为成熟。公司的收入达到了历史新高，黄金订阅人数在增加，客户基础比以往任何时候都要大，产品范围也比作为经纪应用时更广泛。然而，在其最近的一个季度中，其股票仍然与交易量和加密货币价格表现出显著的相关性，尽管其股价已经反映了很多乐观情绪。</p>
</div><p>Thus, while there is no guarantee that Robinhood's stock will rise significantly in 2026, there is still potential for an additional rally to occur if the market sees a resurgence in activity and its newer products continue to do well. Furthermore, for long-term investors who are comfortable with seasonal volatility, HOOD appears to remain a viable growth stock with good upside potential. For those looking for lower earnings volatility, the recent decline is a reminder that Robinhood is still fundamentally an industry that experiences cyclicality.</p>
<div class="lb-trans"><p>因此，尽管不能保证 Robinhood 的股票在 2026 年会显著上涨，但如果市场看到活动复苏并且其新产品继续表现良好，仍然有额外反弹的潜力。此外，对于那些对季节性波动感到舒适的长期投资者来说，HOOD 似乎仍然是一只具有良好上行潜力的可行增长股。对于那些寻求较低收益波动的人来说，最近的下跌提醒我们，Robinhood 仍然是一个经历周期性的行业。</p>
</div><p>Find out more</p>
<div class="lb-trans"><p>了解更多</p>
</div>

Robinhood 的股票能否在 2026 年再次大幅上涨？