New York, February 21, 2026, 14:26 (EST) — Market closed
- HOOD shares last closed Friday up 0.6% at $76.11.
- Robinhood said end-January platform assets were about $324 billion and it accelerated share repurchases early in the quarter.
- Goldman Sachs cut its price target to $111 but kept a buy rating, pointing to steady platform activity.
Robinhood Markets said on Thursday that total platform assets — the value of customer holdings — rose to about $324 billion at the end of January and that it had spent $173 million repurchasing roughly 2.1 million shares quarter-to-date through Feb. 17, at an average price of about $84. Shares last closed up 0.6% on Friday at $76.11, after swinging between $75.12 and $78.01. (GlobeNewswire)
The monthly snapshot is one of the few regular reads investors get between earnings. It also offers a quick comparison with other retail brokers such as Charles Schwab and Interactive Brokers, and with crypto-heavy platforms like Coinbase.
This matters now because Robinhood has been trying to prove it can grow outside the bursts of crypto enthusiasm that powered earlier surges. Investors also watch the buyback pace for a hint on how much cash the company is willing to return while it still invests in new products.
Funded customers — accounts with money on the platform — were 27.2 million at end of January, up about 190,000 from December, Robinhood said. Net deposits, or customer cash in after withdrawals, were $4.5 billion; equity notional trading volume — the dollar value of shares traded — rose 21% to $227.3 billion, crypto notional volume climbed 8% to $22.9 billion, and event contracts traded rose 17% to 3.4 billion. Robinhood described the monthly figures as unaudited and said it revised December platform assets after final crypto pricing data. (Nasdaq)
Goldman Sachs analyst James Yaro cut his price target on Robinhood to $111 from $130 on Friday, while keeping a Buy rating, saying “platform activity remained robust.” He pointed to app downloads up 30% month-on-month and “daily commissions” — the note’s proxy for daily transaction revenue — rising 13% to about $10 million. (TipRanks)
A filing on Friday showed Robinhood also lodged an amendment to its annual report to fix formatting issues in tables and headings, saying the change did not alter its previously reported results. (Stock Titan)
Earlier this month, Robinhood’s fourth-quarter revenue missed Wall Street expectations as turbulence in digital assets weighed on crypto trading revenue, and the stock slid in after-hours trade. The company reported revenue of $1.28 billion for the quarter ended Dec. 31, short of analysts’ $1.34 billion estimate, according to LSEG data. (Reuters)
But the monthly snapshot can mislead: retail activity can cool fast when markets settle down, and crypto and options volumes can turn without much warning. A slower tape would likely hit Robinhood’s transaction revenue harder than at more diversified brokers.
With markets shut, the next test is Monday’s open, when traders will look for follow-through after the monthly snapshot and for any spillover from crypto and options markets. The next U.S. producer price index report for January is due on Feb. 27 at 8:30 a.m. ET. (Bls)
