Robinhood Markets (HOOD) shares closed at $116.46 on September 28, 2026, amid a week marked by continued momentum from its rapidly expanding prediction-market and event-contract business. Second-quarter results showed revenues rising 32% year-over-year to a record $1.31 billion, with event-contract revenue surging more than tenfold to $156 million and net income up 48% to $573 million, reflecting stronger customer engagement and Gold subscriptions. Regulatory clarity from the SEC on tokenized U.S. stocks has further lifted sentiment, while multiple analyst upgrades, including Morgan Stanley’s move to Overweight with a $150 target, underscore improving fundamentals and platform asset growth to $384 billion. Traders are watching monthly metrics releases and broader equity volatility for near-term price swings ahead of the November 4 earnings date.