Robinhood (HOOD) surges 12.3% in early trading, reaching its January high.

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Robinhood (HOOD) rose 12.3% in early trading on September 3, 2026, reaching $120, its highest level since January. The increase followed a surge in trading activity on Robinhood Chain, which recorded $3.8 million in network revenue and 5.52 million transactions on September 1. App revenue also climbed to $2.66 million. Multiple Wall Street firms, including Morgan Stanley and Piper Sandler, raised their price targets and ratings. Q2 revenue forecasts now exceed $156 million, a tenfold increase year-over-year.

ChainThink reports that on September 3, according to market data, U.S. stock Robinhood (HOOD) opened with a gain expanding to 12.3%, with its share price surpassing $120, reaching a new high since January this year.

This rally is driven by three key catalysts: active trading on Robinhood Chain, with network revenue exceeding $3.8 million on the first day of September, accounting for approximately 38% of the total daily network revenue, processing 5.52 million transactions in a single day, and generating approximately $2.66 million in application revenue;

Multiple Wall Street institutions, including Morgan Stanley and Piper Sandler, have collectively raised their ratings and price targets; the market is forecast to see quarter-over-quarter revenue surge more than tenfold to $156 million.

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