- Robinhood set a new Guinness World Record for the most items purchased by an AI agent in three minutes via its Robinhood Gold Card.
- The firm unveiled a major global expansion, including launching crypto trading in the U.K. and perpetual futures in 30 European countries, at its “The World is Flat” event in London.
- Analyst firm BTIG reiterated a ‘Buy’ rating with a $125 price target for HOOD, while retail sentiment on Stocktwits remained bearish.
Robinhood declared “We’ve made history” in an X post on Wednesday after its AI agent set a new Guinness World Record for the most purchases in three minutes. The record, linked to the Robinhood Gold Card, was a highlight of its London event showcasing new AI tools like Agentic Trading. Consequently, the firm clarified that any transaction initiated by its AI assistant under user settings will be considered an authorized purchase.
Meanwhile, at the Old Royal Naval College in London, Robinhood detailed a broad international strategy. The company announced it would extend perpetual futures products to 30 European countries and launch cryptocurrency trading in the U.K. Additionally, the firm revealed its penetration of the Canadian market and secured a license in Singapore for future Asian expansion.
The company also launched “Robinhood Earn” in the U.S., a decentralized lending product for a 7% annualized yield on USDG stablecoins. Following the event, BTIG reiterated a ‘Buy’ rating on HOOD stock with a $125 price target, according to TheFly. The firm said the presentations demonstrated significant product velocity and ambition beyond a U.S. equities platform.
However, retail sentiment on Stocktwits was bearish, with one user noting the Guinness record signaled a push toward more automation and autonomous execution. Another bullish user argued the international push would drive the stock price higher. Shares of Robinhood Markets Inc. traded 0.65% lower in Thursday’s premarket session, paring gains after the event.
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