Robinhood Charges Higher as It Builds Attractive IPO Empire

Robinhood Markets (HOOD) has gained momentum following approval to serve as an IPO underwriter, expanding beyond its retail trading platform. The company reported record platform assets of $377 billion (up 48% YoY), 27.7 million funded customers, and strong trading volumes across equities and options. Insider buying and analyst upgrades from Goldman Sachs, Truist, and others support bullish sentiment, though the stock remains below its 52-week high of $152.