Wall Street analysts have delivered mixed reviews of Robinhood’s recent third-quarter performance. While JPMorgan has lauded the platform’s strong earnings exceeding market expectations by 15%, they noted a lack of quality due to underwhelming cryptocurrency revenue. The company’s stock price saw a 52% increase driven primarily by higher stock prices, leading to a reduced tax burden on stock option compensation and contributing to overall positive results. Analysts predict continued profit margin improvements, raising the stock price target from $122 to $130 while maintaining a neutral rating. However, Robinhood’s cryptocurrency segment experienced a significant drag, resulting in $268 million in net revenue falling short of expectations despite an increase in trading volume. Despite adjusting pricing, the cryptocurrency fee rate decreased from the anticipated 68 basis points to 67 basis points. While prediction market activity helped mitigate some of the negative impact, analysts cautioned that dependence on a limited number of active traders poses a potential risk for the business.