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Robinhood Shares Plunge Amid Crypto Slump And Market Jitters

Home / Crypto News / Robinhood Shares Plunge Amid Crypto Slump And Market Jitters

Robinhood Shares Plunge Amid Crypto Slump And Market Jitters

02 Feb Crypto News

Key Points

Robinhood’s stock dropped 8% on February 2, 2026, amid a crypto market selloff and the end of the football season affecting its prediction market revenue.
The company reported strong financial growth with Q3 revenue up 100% year-over-year to $1.27 billion and net income increasing 271% to $556 million.
Analysts remain divided with Piper Sandler bullish at a $155 price target, citing Robinhood’s ‘super app’ potential, but others warn of high valuation and stock volatility.

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