HOOD Stock Forecast as Robinhood’s Crypto Trading Volumes Plunge 62% in July 2026

Robinhood (NASDAQ: HOOD) stock price is up by 4.98% today, August 13, to trade at $99 at the time of writing. The shares now trade at the highest price since July 24, with the gains coming despite Robinhood releasing the trading data for July 2026 that revealed that the exchange’s crypto notional trading volumes for the month dropped by 62% year-over-year.

HOOD Stock Price Jumps Despite Robinhood’s Dropping Crypto Volumes

HOOD stock price is rising despite the brokerage company revealing a decline in crypto and equities trading activity in July 2026, with the report coming two weeks after Robinhood’s Q2 2026 results revealed that revenue from its crypto trading division dropped by 38% to $100 million

The July data shows that crypto notional trading volumes dropped by 33% month-on-month to $10.9 billion. This was also a 62% decline from the volume numbers seen in July 2025.

The equities trading volumes also dropped by 15% month-on-month to $333 billion in July 2026. However, the equities trading volumes were up by 59% compared to July 2025.

Robinhood also reported a surge in users during the quarter, with the number of funded customers reaching 28.5 million, which was 80,000 higher than the number of funded customers in June 2025. The customer count was also a 1.77 million increase from July 2025.

HOOD Stock Price Prediction as Bullish Momentum Surges

HOOD stock price has bounced from the support at $93 amid a surge in buying pressure. It now faces resistance at the psychological price of $100.

If HOOD stock price closes above the resistance at $100, it could move to the next target at $108, mirroring the trend seen in mid-June where a close above $100 pushed HOOD stock price to $108 on June 22.

The RSI reading of 54 supports a bullish outlook for Robinhood shares. The RSI line is also creating a high high, suggesting that buying pressure is rising.

Still, the MACD line is negative, to suggest that the bullish momentum is weak, and this could hinder a strong breakout above the resistance at $100.

If HOOD stock fails to close above $100, the price could drop to retest the support at $93 before there is another attempt for a move above $100.

Truist Reiterates Buy Rating on Robinhood Shares After July Results

Truist Securities, an asset manager with $77 billion in assets under management, has reiterated a buy rating on HOOD stock and assigned it a target price of $130. The asset manager based its higher target price on Robinhood’s July results that came in better than expected.

The new rating comes after Bernstein raised its HOOD stock target from $130 to $160, saying that the company’s push into prediction markets and tokenized equities would trigger a 23% increase in revenues by 2028.

Goldman Sachs has also reiterated its buy rating on the stock and increased the target price from $118 to $123.