Robinhood (HOOD) Stock Sinks 5% as Crypto Worries Linger Before Earnings

TLDR Robinhood (HOOD) stock fell 5% to $96.58 on Thursday, from a prior close of $101.93. The company won Dubai Financial Services Authority approval, with a Middle East launch planned for 2027. Q2 crypto revenue fell 38% year over year to $100 million, a third straight quarterly drop. Analysts rate the stock “Moderate Buy” with a $130.29 average target. Q3 earnings are due October 27. Robinhood Markets (HOOD) stock fell 5% on Thursday, trading at $96.58 after closing at $101.93 the day before. The stock hit a low of $95.62 during the session.