Robinhood Stock Rises as BofA Reaffirms Buy Amid CLARITY Act Progress

Bank of America reiterates a Buy on Robinhood (HOOD) with a $122 target, citing crypto exposure and a potential sentiment rebound if the CLARITY Act progresses.

Rich by Coin

2026-02-25

Robinhood’s stock (HOOD) rose, buoyed by Bank of America’s favorable analysis. As of the latest session, the shares were up 6.00% (about $4.40) to $77.79. Bank of America reiterated a Buy rating with a $122 price target, citing improvements since joining the S&P 500. It also said that if a crypto-regulatory clarity bill passes, crypto could bottom near-term, with cryptocurrency accounting for about 15% of Robinhood’s revenue.

Most notably, Bank of America said near-term progress on the CLARITY Act could reverse the crypto market’s extremely negative investor sentiment. Robinhood has continued to gain market share in the crypto space.