From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s (HOOD) crypto slump is just a temporary speed bump
Major investors and analysts view Robinhood's recent earnings miss as a temporary setback, citing strong trading momentum heading into the second quarter.Summary
Despite a significant drop in stock price following a first-quarter earnings miss driven by weak crypto activity, major institutional investors like Cathie Wood’s Ark Invest view Robinhood as a long-term opportunity. Wall Street firms, including Cantor Fitzgerald and Compass Point, maintain bullish outlooks, arguing that the earnings miss was a result of broader market conditions rather than core business failures. Analysts highlight strong equity and options trading volumes in April as indicators of recovery, while potential new revenue streams, such as prediction markets, offer further upside. However, some firms like KBW remain cautious, citing concerns over declining transaction fees and persistent pricing pressure in the crypto sector.
(Source：CoinDesk)