<p>Robinhood Markets (HOOD) 已悄然成為長期贏家，今年股價上漲約 203%，過去一年上漲約 187%，遠超大盤表現。</p>
<p>查看我們對 Robinhood Markets 的最新分析。</p>
<p>儘管經歷了一些波動的週數，近期的回調和反彈使最新股價達到 119.40 美元，過去一年總股東回報仍顯示出強勁的持續動能，而非一次性激增。</p>
<p>如果 Robinhood 的激增讓你重新思考未來的增長來源，現在是探索高增長科技和人工智能股票作為潛在新領軍者的好時機。</p>
<p>隨着三位數的增長、利潤加速以及目標價仍遠高於當前水平，投資者現在面臨一個更棘手的問題：Robinhood 是否仍被低估，還是市場已經在消化下一輪增長？</p>
<h2>最受歡迎的敍述：21.2% 被低估</h2>
<p>以公允價值估計約為 151.55 美元，而最後收盤價為 119.40 美元，主流敍述將 Robinhood 定位為明顯低估，並正在朝着更大的目標發展。</p>
<p><em>該公司在現實資產代幣化、全球加密交易一體化以及 Robinhood Chain 的開發等領域的早期領導和創新，具有吸引美國和國際新用户羣體的潛力，開闢全新的市場和收入來源，可能超越傳統競爭對手。Robinhood Gold 等經常性收入業務的快速增長以及不斷擴大的國際用户基礎（包括通過收購 Bitstamp 和 WonderFi）表明其商業模式的韌性，對市場週期性的敏感度較低，並且穩定、高利潤的收益流的潛力在增加。</em></p>
<p>閲讀完整敍述。</p>
<p>想看看適度的增長假設、豐厚的利潤率和未來收益的溢價倍數如何仍然證明從這裏的上漲空間嗎？完整敍述詳細解讀了這一公允價值判斷背後的確切收入和利潤路徑。</p>
<p><strong>結果：公允價值為 151.55 美元（被低估）</strong></p>
<p>完整閲讀敍述，瞭解預測背後的原因。</p>
<p>然而，預測市場的監管審查加劇以及免佣交易的競爭加劇，可能會輕易破壞這一敍述中樂觀的增長假設。</p>
<p>瞭解 Robinhood Markets 敍述的關鍵風險。</p>
<h2>估值的另一種視角</h2>
<p>遠離敍述，Robinhood 突然顯得價格昂貴。其 48.9 倍的市盈率遠高於美國資本市場行業的 25.5 倍、同行的 22 倍，以及公允比例的 27.1 倍，暗示如果熱情降温，情緒風險將加大。</p>
<p>查看數字如何説明這一價格——在我們的估值分析中瞭解更多。</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>納斯達克 GS:HOOD 截至 2025 年 12 月的市盈率</p>
<h2>構建您自己的 Robinhood Markets 敍述</h2>
<p>如果您更願意挑戰這些假設並自己深入數字，您可以在幾分鐘內構建 Robinhood 未來的個性化視圖：按您的方式進行。</p>
<p>您對 Robinhood Markets 研究的一個很好的起點是我們的分析，強調 3 個關鍵獎勵和 2 個重要警示信號，這些可能會影響您的投資決策。</p>
<h2>尋找下一個投資優勢？</h2>
<p>在您繼續之前，通過掃描 Simply Wall St 的篩選器鎖定下一個機會，該篩選器針對特定主題和財務實力提供強大的股票創意。</p>
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<li>通過關注這 3631 只財務穩健、資產負債表強勁且真實基本面而非單純炒作的便士股票，早期鎖定潛在的多倍收益。</li>
<li>通過關注這 26 只處於算法突破與快速擴展的現實需求交匯處的人工智能便士股票，乘勢而上。</li>
<li>通過篩選這 914 只基於現金流的被低估股票，捕捉被低估的優質股票，其中強勁的現金流和合理的估值可能為吸引長期回報奠定基礎。</li>
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<p><em>這篇文章由 Simply Wall St 撰寫，性質一般。<strong>我們基於歷史數據和分析師預測提供評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成買入或賣出任何股票的推薦，也未考慮您的目標或財務狀況。我們旨在為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
<p>移動基礎設施用於國防和災難</p>
<p>下一波機器人技術不是類人型的。它是完全自主的塔樓，在 30 分鐘內提供 5G、ISR 和雷達，隨處可達。</p>
<p>在下一輪合同之前獲取投資者簡報</p>
<p>由 CiTech 贊助</p>

HOOD

<p>Robinhood Markets (HOOD) 今年上漲了 203%，引發了對其估值的質疑。分析師認為其被低估，公允價值估計為 151.55 美元，這得益於加密交易和代幣化的創新。然而，其 48.9 倍的高市盈率與行業同行相比，暗示了潛在的情緒風險。日益嚴格的監管審查和競爭可能會影響增長。投資者被鼓勵探索高增長的科技和人工智能股票作為潛在的領軍者。Simply Wall St 提供基於歷史數據和預測的分析，並不構成財務建議</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) 已悄然成為長期贏家，今年股價上漲約 203%，過去一年上漲約 187%，遠超大盤表現。</p>
</div><p>See our latest analysis for Robinhood Markets.</p>
<div class="lb-trans"><p>查看我們對 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>儘管經歷了一些波動的週數，近期的回調和反彈使最新股價達到 119.40 美元，過去一年總股東回報仍顯示出強勁的持續動能，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 的激增讓你重新思考未來的增長來源，現在是探索高增長科技和人工智能股票作為潛在新領軍者的好時機。</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>隨着三位數的增長、利潤加速以及目標價仍遠高於當前水平，投資者現在面臨一個更棘手的問題：Robinhood 是否仍被低估，還是市場已經在消化下一輪增長？</p>
</div><h2>Most Popular Narrative Narrative: 21.2% Undervalued</h2>
<div class="lb-trans"><h2>最受歡迎的敍述：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>以公允價值估計約為 151.55 美元，而最後收盤價為 119.40 美元，主流敍述將 Robinhood 定位為明顯低估，並正在朝着更大的目標發展。</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>該公司在現實資產代幣化、全球加密交易一體化以及 Robinhood Chain 的開發等領域的早期領導和創新，具有吸引美國和國際新用户羣體的潛力，開闢全新的市場和收入來源，可能超越傳統競爭對手。Robinhood Gold 等經常性收入業務的快速增長以及不斷擴大的國際用户基礎（包括通過收購 Bitstamp 和 WonderFi）表明其商業模式的韌性，對市場週期性的敏感度較低，並且穩定、高利潤的收益流的潛力在增加。</em></p>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>閲讀完整敍述。</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>想看看適度的增長假設、豐厚的利潤率和未來收益的溢價倍數如何仍然證明從這裏的上漲空間嗎？完整敍述詳細解讀了這一公允價值判斷背後的確切收入和利潤路徑。</p>
</div><p><strong>Result: Fair Value of $151.55 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>結果：公允價值為 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>完整閲讀敍述，瞭解預測背後的原因。</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，預測市場的監管審查加劇以及免佣交易的競爭加劇，可能會輕易破壞這一敍述中樂觀的增長假設。</p>
</div><p>Find out about the key risks to this Robinhood Markets narrative.</p>
<div class="lb-trans"><p>瞭解 Robinhood Markets 敍述的關鍵風險。</p>
</div><h2>Another Lens on Valuation</h2>
<div class="lb-trans"><h2>估值的另一種視角</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>遠離敍述，Robinhood 突然顯得價格昂貴。其 48.9 倍的市盈率遠高於美國資本市場行業的 25.5 倍、同行的 22 倍，以及公允比例的 27.1 倍，暗示如果熱情降温，情緒風險將加大。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看數字如何説明這一價格——在我們的估值分析中瞭解更多。</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>納斯達克 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>構建您自己的 Robinhood Markets 敍述</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>如果您更願意挑戰這些假設並自己深入數字，您可以在幾分鐘內構建 Robinhood 未來的個性化視圖：按您的方式進行。</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>您對 Robinhood Markets 研究的一個很好的起點是我們的分析，強調 3 個關鍵獎勵和 2 個重要警示信號，這些可能會影響您的投資決策。</p>
</div><h2>Looking for your next investing edge?</h2>
<div class="lb-trans"><h2>尋找下一個投資優勢？</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>在您繼續之前，通過掃描 Simply Wall St 的篩選器鎖定下一個機會，該篩選器針對特定主題和財務實力提供強大的股票創意。</p>
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<div class="lb-trans"><ul>
<li>通過關注這 3631 只財務穩健、資產負債表強勁且真實基本面而非單純炒作的便士股票，早期鎖定潛在的多倍收益。</li>
<li>通過關注這 26 只處於算法突破與快速擴展的現實需求交匯處的人工智能便士股票，乘勢而上。</li>
<li>通過篩選這 914 只基於現金流的被低估股票，捕捉被低估的優質股票，其中強勁的現金流和合理的估值可能為吸引長期回報奠定基礎。</li>
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</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>這篇文章由 Simply Wall St 撰寫，性質一般。<strong>我們基於歷史數據和分析師預測提供評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 它不構成買入或賣出任何股票的推薦，也未考慮您的目標或財務狀況。我們旨在為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
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<div class="lb-trans"><p>移動基礎設施用於國防和災難</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波機器人技術不是類人型的。它是完全自主的塔樓，在 30 分鐘內提供 5G、ISR 和雷達，隨處可達。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一輪合同之前獲取投資者簡報</p>
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<div class="lb-trans"><p>由 CiTech 贊助</p>
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Robinhood (HOOD)：在股價大幅上漲後重新評估其估值