Prediction: Robinhood Will Pass $500 Billion in Customer Assets in 2027
Customers keep moving billions onto the platform every month. Reaching the milestone needs less help from the market than you might think.
Overview
Robinhood Markets (NASDAQ:HOOD) ended August with $384 billion in Total Platform Assets, its term for everything customers hold on the platform -- up 8% from July and 26% from a year earlier, according to operating data published Sept. 10.
The next big round number, $500 billion, sits about 30% away. I think Robinhood gets there at some point during 2027.
Details
The reason isn't a bold assumption about markets or a bet on a new product taking off. Customers' own deposits carry the platform most of the way, and the market only has to cover a modest gap.
Source
Originally published at www.fool.com.
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