Robinhood Adds Layer-2 Blockchain, Europe Perpetual Futures and AI Agents, Shares Up 4%
HOOD•Robinhood rolled out a Layer-2 blockchain network and launched perpetual futures trading in Europe alongside AI-powered trading agents, aiming to enable 24/7 automated order execution. Shares climbed about 4% on the product launches and a senior Mizuho analyst boosted the price target to $130, implying roughly 15% upside.
1. Strategic Product Expansion
Robinhood rolled out a Layer-2 blockchain network to support tokenization of assets and transaction settlement, while launching perpetual futures contracts in Europe and integrating AI-powered trading agents designed for automated, round-the-clock order execution.
2. Share Performance
The combined product announcements propelled shares up about 4% on July 2, reflecting investor enthusiasm for diversified revenue streams beyond commission-free stock trading.
3. Analyst Price Target Raise
Mizuho analyst Dan Dolev retained an Outperform rating and lifted the price target to $130, suggesting roughly 15% upside potential based on forecasted growth from new trading and blockchain services.
