Key Highlights
- HOOD shares finished Thursday’s session up 11% at $84.84 following the Trump Account app release.
- Approximately six million American families registered for Trump Accounts, set to activate July 4.
- Robinhood developed the Trump Account application and acts as the initial trustee.
- Shares received additional momentum from Wednesday’s announcement enabling AI agents to execute trades for users.
- Mizuho analysts elevated their HOOD price target from $110 to $115 while keeping an Outperform stance.
Robinhood (HOOD) shares finished Thursday’s trading session with an 11.29% gain, reaching $84.84 after the Treasury Department revealed the Trump Account application — developed by Robinhood — is now accessible for download.
The rally wasn’t attributed to just one factor. Mizuho’s Dan Dolev explained to Barron’s that the surge represents “likely a combination of both Trump accounts excitement, the agentic trading news from yesterday as well as hopes of peace in the Middle East.”
Registrations for Trump Accounts have reached nearly six million families. This represents an increase from the five million count reported during tax season. These accounts won’t become active until Independence Day.
Initial activation notifications have started going out from no-reply@trumpaccounts.treasury.gov, with additional waves scheduled for the upcoming weeks targeting everyone who registered through IRS Form 4547.
Robinhood began processing registrations in February, when families gained the ability to submit the specialized form while filing their tax returns.
The Treasury Department announced earlier that Bank of New York Mellon (BNY) would function as the government’s financial partner for these accounts. BNY shares increased by less than 1% Thursday.
Robinhood operates as both the brokerage platform and initial trustee for Trump Accounts. The firm disclosed earlier that this arrangement was “contracted on a cost plus basis with a small margin.”
The company reported initial development expenses totaling under $14 million. Robinhood also revealed plans to allocate an additional $100 million toward building and maintaining the user interface moving forward.
AI Agent Trading Boosts Investor Sentiment
One day prior to the Trump Account rollout, Robinhood unveiled plans allowing users to link AI agents directly to their brokerage accounts. These agents possess authorization to execute trades and process credit card transactions autonomously.
That development independently drove HOOD shares up approximately 3% Wednesday. Thursday’s advance compounded those gains.
The back-to-back announcements delivered a robust two-day performance as the stock headed into the extended holiday weekend.
Year-to-Date Performance Remains Negative
Notwithstanding Thursday’s rally, HOOD shares remain down 25% year-to-date. The decline stems primarily from diminished cryptocurrency trading volumes.
During April’s earnings release, Robinhood disclosed that crypto trading revenue had plummeted 47% to $134 million.
Depressed cryptocurrency valuations have suppressed trading engagement, creating headwinds for the stock throughout 2026.
Mizuho elevated its HOOD price target to $115 from $110 Thursday while maintaining its Outperform designation. According to FactSet’s analyst consensus, the average price target stands at $101.04, with an average overweight rating.
