Robinhood Markets Inc. ($HOOD) has seen a notable rise in its stock price, climbing approximately 9% to reach highs of $40 on March 17, 2025, following news of its expansion into sports betting. Analysts have expressed optimism about the company's innovative approach, which now encompasses stocks, options, cryptocurrency, futures, events, and sports betting. Mizuho has reiterated an 'Outperform' rating for Robinhood, maintaining a price target of $80, while Compass Point initiated coverage with a 'Buy' rating and a price target of $61. The surge in stock price reflects strong market interest in Robinhood's new offerings, particularly in the context of increased user engagement in sports betting and cryptocurrency. The company is also expected to enhance its revenue per user as it taps into these growing markets.