"Robinhood Surges as Crypto Activity Drives Stock and Trading Volumes"

Robinhood's shares surged over 11% in premarket trading after reporting a significant increase in user activity during February, with equity trading volume jumping 36% to $80.9 billion, options contracts traded increasing 12% to $119.1 million, and crypto volumes growing 10% to $6.5 billion. Broker Bernstein initiated coverage of the stock with an outperform rating and a $30 price target, citing a bullish outlook on the "monster" crypto cycle and projecting a nearly tripled total market cap of $7.5 trillion by 2025.