Robinhood (HOOD) Stock Soars 11% Following Trump Account Rollout and AI Agent Trading Feature

Table of Contents Shares of Robinhood (HOOD) climbed 11.29% to finish at $84.84 on Thursday following the Treasury Department’s confirmation that the Trump Account application — developed by Robinhood — is now accessible for download. Robinhood Markets, Inc., HOOD The rally wasn’t attributed to just one factor. Mizuho’s Dan Dolev explained to Barron’s that the surge appears to be “likely a combination of both Trump accounts excitement, the agentic trading news from yesterday as well as hopes of peace in the Middle East.” Close to six million American families have enrolled for Trump Accounts. This represents an increase from the five million total reported during tax season. These accounts won’t become active until the Fourth of July. Initial activation notifications have started going out from no-reply@trumpaccounts.treasury.gov, with additional waves planned over the next several weeks for all those who registered through IRS Form 4547. Robinhood has been processing registrations since February, when households could submit the designated form with their tax returns. The Treasury Department confirmed earlier that Bank of New York Mellon (BNY) would operate as the government’s fiscal agent for these accounts. BNY shares rose less than 1% on Thursday. Robinhood is functioning as both the broker and original trustee for Trump Accounts. The firm indicated earlier that this arrangement was “contracted on a cost plus basis with a small margin.” According to the company, upfront development expenses totaled less than $14 million. Robinhood also disclosed plans to allocate an additional $100 million toward building and maintaining the user platform moving forward. One day prior to the Trump Account rollout, Robinhood revealed it would permit users to link AI agents directly to their brokerage accounts. These automated agents can execute trades and process credit card transactions on the account holder’s behalf. That announcement by itself drove HOOD shares up nearly 3% on Wednesday. Thursday’s advance extended those gains. The dual announcements across consecutive trading days provided the stock with substantial upward momentum heading into the extended holiday weekend. Despite Thursday’s strong performance, HOOD remains down 25% since January. The decline has been primarily attributed to reduced cryptocurrency trading volumes. During its April earnings call, Robinhood disclosed that crypto trading revenue had plummeted 47% to $134 million. Decreased cryptocurrency valuations have suppressed trading engagement, creating headwinds for the stock throughout 2026. Mizuho lifted its HOOD price objective to $115 from $110 on Thursday, maintaining its Outperform recommendation. The consensus analyst price target among FactSet-tracked analysts stands at $101.04, with an average overweight rating.