Bernstein Sees Robinhood as “Super App” After S&P 500 Inclusion

Robinhood, the popular online brokerage platform, is in the news again. According to reports, Bernstein analysts believe the platform will develop into a complete financial “super app.” This statement comes amid Robinhood’s inclusion in the S&P 500 index. Bernstein also rated Robinhood as “outperform” and set a target price of $160. 

From Trading App to Financial Powerhouse

Notably, July’s crypto trading volume on the platform reached $16.8 billion, marking a 110% month-over-month jump. Analysts said the company’s expansion into Europe with tokenized products, its staking rollout, and its acquisition of Bitstamp, strengthen its long-term prospects.

Currently, Robinhood trades at $115. While the price remains far below Bernstein’s projections, the firm insists the runway is long and the catalysts are strong.

With the bullish outlook, Robinhood is changing from just a commission-free stock trading app to a broader financial services platform. Bernstein affirms that the company is expanding into several areas, including wealth management, credit services, crypto trading, and tokenized financial products. These areas are key to Robinhood’s plan to offer all-in-one financial services.

Robinhood Joins the S&P 500: A Major Milestone

Recall that HOOD stock rose by 7% some days ago after the announcement that the platform would be added to the S&P 500 index on September 22. Robinhood’s inclusion shows its growing role in the U.S. financial market.  It also means that the company has met the six stringent requirements.

Interestingly, Robinhood also reported a 98% year-on-year surge in its crypto revenue. The company reached $160 million in the second quarter of 2025. Alongside this, the trading platform’s total net revenue climbed to $989 million, marking a 45% increase, while net income jumped 105% to $386 million.

This surge comes as the company intensifies its focus on real-world assets (RWA) tokenization in the United States and globally.

Robinhood Goes Big on Crypto in Europe and the U.S.

Robinhood’s crypto services were once limited to just a few European countries. However, the company has recently obtained a Markets in Crypto Assets (MiCA) license, enabling it to serve customers in over 30 countries in the region.

This expansion increases Robinhood’s reach and aligns it with other major players, such as Coinbase, which recently secured a MiCA license. Robinhood is also expanding its crypto services in the United States.

Users can now stake Ethereum and Solana to earn rewards in eligible jurisdictions, as legal issues surrounding staking have been resolved.