<p>投資平台 <strong>Robinhood Markets</strong>(HOOD -4.78%) 的股票在過去一年中暴漲，漲幅近 370%。它在創新投資選項方面享有強勁的增長和投資者信心，股票價格現在已經遠超之前的高點，飛速上漲。</p>
<p>讓我們看看它能否在未來五年內保持這種增長，以及 Robinhood 可能發生的事情。</p>
<h2>新的 Robinhood</h2>
<p>Robinhood 這個名字巧妙地傳達了該公司旨在幫助普通人致富的目標。它因提供免費交易而聲名鵲起，吸引了許多新手投資者，同時也因成為幾年前引發一些空頭擠壓的迷因投資者的首選平台而聲名狼藉。</p>
<p>它已經超越了這一點，成為金融科技領域的真正參與者。儘管其核心產品是交易平台，但它通過金融生態系統提供了一整套金融服務，包括銀行賬户和信用卡。其產品具有創新性，提供了在該領域獨特的體驗，其以價值為驅動的商業模式吸引了精明的投資者。Robinhood 以快速的速度增加新客户，並通過收費產品和高級會員計劃實現盈利。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM1MTQvYW5hbHlzdC1pbnZlc3Rvci1yZW1vdGUtdHJhY2tpbmctdHJlbmRzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM1MTQvYW5hbHlzdC1pbnZlc3Rvci1yZW1vdGUtdHJhY2tpbmctdHJlbmRzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<p>它在 2025 年第一季度報告了出色的業績。收入同比增長 50%，儘管其中大部分是由於加密貨幣收入增長 100% 所驅動，但其他交易產品的銷售也有所增加，股票上漲 44%，期權增長 56%。還有許多其他亮點，包括過去 12 個月存款年化增長 44% 和淨利息收入增長 14%。淨收入較去年增長 114%。</p>
<p>獲得資金的客户增加了 190 萬，或 8%，達到 2580 萬，用户平均收入增長 39%，達到 145 美元。它增加了 55 萬名黃金會員，或同比增加 150 萬，幾乎是去年的兩倍。黃金會員每月支付 5 美元或每年 50 美元，並享有如個人退休賬户（IRA）3% 的匹配和未投資資金 4% 的利息等福利。</p>
<h2>機會、風險和估值</h2>
<p>該公司不斷推出新產品並升級其平台。最近推出了一系列新服務，包括 Robinhood 策略和 Robinhood 銀行，並在國際上推出更多服務。它還有更多計劃在今年剩餘時間內實施，例如擴展加密平台和繼續銀行業務的推出。它最近宣佈了一項針對歐洲客户的新代幣化產品，使他們有機會在遵循某些美國股票的區塊鏈上購買代幣。</p>
<p>Robinhood 在金融領域採取了一種新穎甚至具有遠見的方式，與特定人羣產生共鳴，這種大膽的願景應該會在未來五年內引領其進入多個增長領域。</p>
<p>然而，這裏存在幾個風險。首先是對加密貨幣的關注。這種關注在一定程度上促成了 Robinhood 在過去一年的迅猛增長，但如果趨勢發生變化，它也可能將公司拉回現實。投資 Robinhood 股票對加密貨幣的信心是一個很大的支持。如果你對加密交易充滿信心，Robinhood 可能是一個很好的方式來獲得曝光，同時投資於一家擁有實物資產的公司。但這伴隨着波動性。</p>
<p>Robinhood 的股票也相當昂貴，市盈率為 62，市銷率為 31。在未來五年內，保持這種估值下的增長可能會面臨挑戰。</p>
<p>如果你有健康的風險偏好，並且是加密貨幣的支持者，你可能會對投資 Robinhood 感興趣，五年後它的估值可能會更高。然而，風險承受能力較低的投資者則應當觀望。</p>

HOOD

<p>Robinhood Markets (HOOD) 在過去一年中股價上漲了驚人的 370%，這得益於強勁的增長和投資者信心。該平台以免費交易而聞名，已擴展其產品，包括銀行賬户和信用卡。在 2025 年第一季度，收入同比激增 50%，其中加密貨幣和交易產品貢獻顯著。儘管其創新方法帶來了機遇，但也存在依賴加密貨幣和高估值指標的風險。風險偏好較高的投資者可能會在 Robinhood 中發現潛力，而風險承受能力較低的投資者則應保持謹慎</p>

<p>Investment platform <strong>Robinhood Markets</strong>(HOOD -4.78%) stock has exploded over the past year, up nearly 370%. It's enjoying strong growth as well as investor confidence in its innovative investing options, and the stock is now well past its previous highs as it soars into the stratosphere.</p>
<div class="lb-trans"><p>投資平台 <strong>Robinhood Markets</strong>(HOOD -4.78%) 的股票在過去一年中暴漲，漲幅近 370%。它在創新投資選項方面享有強勁的增長和投資者信心，股票價格現在已經遠超之前的高點，飛速上漲。</p>
</div><p>Let's see if it can maintain this growth over the next five years and what might be happening at Robinhood.</p>
<div class="lb-trans"><p>讓我們看看它能否在未來五年內保持這種增長，以及 Robinhood 可能發生的事情。</p>
</div><h2>The new Robinhood</h2>
<div class="lb-trans"><h2>新的 Robinhood</h2>
</div><p>Robinhood is a clever name for a company aiming to help the everyman get richer. It rose to fame with its free trades that attract the novice investor, and some infamy as it became the platform of choice for meme investors who generated some short-squeezes a few years ago.</p>
<div class="lb-trans"><p>Robinhood 這個名字巧妙地傳達了該公司旨在幫助普通人致富的目標。它因提供免費交易而聲名鵲起，吸引了許多新手投資者，同時也因成為幾年前引發一些空頭擠壓的迷因投資者的首選平台而聲名狼藉。</p>
</div><p>It has moved past that to become a real player in fintech. Although its core product is its trading platform, it offers a large suite of financial services through its financial ecosystem, including bank accounts and a credit card. Its offerings are innovative, delivering a truly unique experience in its field, and its value-driven business approach appeals to savvy investors. Robinhood is adding new customers at a rapid pace, and it's monetizing them with fee-based products and a premium membership program.</p>
<div class="lb-trans"><p>它已經超越了這一點，成為金融科技領域的真正參與者。儘管其核心產品是交易平台，但它通過金融生態系統提供了一整套金融服務，包括銀行賬户和信用卡。其產品具有創新性，提供了在該領域獨特的體驗，其以價值為驅動的商業模式吸引了精明的投資者。Robinhood 以快速的速度增加新客户，並通過收費產品和高級會員計劃實現盈利。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM1MTQvYW5hbHlzdC1pbnZlc3Rvci1yZW1vdGUtdHJhY2tpbmctdHJlbmRzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823514%2Fanalyst-investor-remote-tracking-trends-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>It reported stellar results in the 2025 first quarter. Revenue increased 50% year over year, and although much of it was driven by a 100% increase in cryptocurrency revenue, it was also driven by higher sales of other trading products like equities, which were up 44%, and options, which increased 56%. There were many other highlights, including a 44% increase in deposits annualized over the past 12 months and a 14% increase in net interest revenue. Net income was up 114% from last year.</p>
<div class="lb-trans"><p>它在 2025 年第一季度報告了出色的業績。收入同比增長 50%，儘管其中大部分是由於加密貨幣收入增長 100% 所驅動，但其他交易產品的銷售也有所增加，股票上漲 44%，期權增長 56%。還有許多其他亮點，包括過去 12 個月存款年化增長 44% 和淨利息收入增長 14%。淨收入較去年增長 114%。</p>
</div><p>Funded customers increased 1.9 million, or 8%, to 25.8 million, and average revenue per user increased 39% to $145. It added 550,000 gold members, or 1.5 million year over year to nearly double last year's figure. Gold members pay $5 a month or $50 annually and get perks like 3% matching in individual retirement accounts (IRA) and 4% interest on uninvested funds.</p>
<div class="lb-trans"><p>獲得資金的客户增加了 190 萬，或 8%，達到 2580 萬，用户平均收入增長 39%，達到 145 美元。它增加了 55 萬名黃金會員，或同比增加 150 萬，幾乎是去年的兩倍。黃金會員每月支付 5 美元或每年 50 美元，並享有如個人退休賬户（IRA）3% 的匹配和未投資資金 4% 的利息等福利。</p>
</div><h2>Opportunities, risks, and valuation</h2>
<div class="lb-trans"><h2>機會、風險和估值</h2>
</div><p>The company is constantly releasing new products and upgrading its platform. It recently launched a slew of new services including Robinhood Strategies and Robinhood Banking, and it's rolling out more services internationally. It has more plans for the remainder of the year, such as expanding the crypto platform and continuing the banking rollout. It recently announced a new tokenization product for European customers that gives them the opportunity to buy tokens on a blockchain that follows certain U.S. stocks.</p>
<div class="lb-trans"><p>該公司不斷推出新產品並升級其平台。最近推出了一系列新服務，包括 Robinhood 策略和 Robinhood 銀行，並在國際上推出更多服務。它還有更多計劃在今年剩餘時間內實施，例如擴展加密平台和繼續銀行業務的推出。它最近宣佈了一項針對歐洲客户的新代幣化產品，使他們有機會在遵循某些美國股票的區塊鏈上購買代幣。</p>
</div><p>Robinhood is taking a fresh and even visionary approach to finance that resonates with a certain demographic, and that bold vision should lead it into many growth areas over the next five years.</p>
<div class="lb-trans"><p>Robinhood 在金融領域採取了一種新穎甚至具有遠見的方式，與特定人羣產生共鳴，這種大膽的願景應該會在未來五年內引領其進入多個增長領域。</p>
</div><p>However, there are several risks here. The first is the focus on cryptocurrency. That focus is somewhat responsible for Robinhood's meteoric rise over the past year, but it could equally bring the company down to earth if trends change. Investing in Robinhood stock is a big thumbs-up for cryptocurrency. If you have a lot of confidence in crypto trading, Robinhood could be an excellent way to get exposure while investing in a company that has tangible assets. But it comes with volatility.</p>
<div class="lb-trans"><p>然而，這裏存在幾個風險。首先是對加密貨幣的關注。這種關注在一定程度上促成了 Robinhood 在過去一年的迅猛增長，但如果趨勢發生變化，它也可能將公司拉回現實。投資 Robinhood 股票對加密貨幣的信心是一個很大的支持。如果你對加密交易充滿信心，Robinhood 可能是一個很好的方式來獲得曝光，同時投資於一家擁有實物資產的公司。但這伴隨着波動性。</p>
</div><p>Robinhood stock is also quite expensive, trading at a P/E ratio of 62 and a price-to-sales ratio of 31. Over the next five years, it could be challenging to keep up growth at that valuation.</p>
<div class="lb-trans"><p>Robinhood 的股票也相當昂貴，市盈率為 62，市銷率為 31。在未來五年內，保持這種估值下的增長可能會面臨挑戰。</p>
</div><p>If you have a healthy appetite for risk and are a fan of cryptocurrency, you may be interested in taking a position in Robinhood, which could be valued a lot higher five years from now. Investors with a low risk tolerance, however, should sit this one out.</p>
<div class="lb-trans"><p>如果你有健康的風險偏好，並且是加密貨幣的支持者，你可能會對投資 Robinhood 感興趣，五年後它的估值可能會更高。然而，風險承受能力較低的投資者則應當觀望。</p>
</div>

五年後 Robinhood 的股票會處於什麼位置？