Robinhood Jumps 6% on Bullish Analyst Initiations as Coinbase, Strategy Ride a Crypto-Stock Bounce

Robinhood shares jumped about 6% to around $115 in early Thursday trading, helped by fresh bullish analyst initiations and a broader rebound in crypto-linked equities. The article says the move followed reportedly new Buy coverage from BTIG, alongside a consensus Street target of $105 and 16 Buy ratings. Coinbase was up roughly 5% to about $167.50, while Strategy (formerly MicroStrategy) gained about 8% to around $100 and change. Bitcoin traded near $61,800, up 4% over 24 hours, reinforcing the high-beta link to crypto sentiment. For Robinhood specifically, the piece cites Q1 2026 revenue of $1.07 billion versus $1.14 billion expected, but transaction revenue rising 7% to $623 million. It also notes a 320% surge in event contracts and net interest revenue up 24% to $359 million, with Robinhood Gold subscribers reaching 4.3 million. The company also closed a $2.2 billion convertible offering at a 0% coupon, with about $290 million earmarked for repurchases.