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This has evolved into a stock market windfall, showing no signs of slowing in the past two years.The platform's popularity has been boosted by the broader market's rally, which has lifted HOOD stock by 421% over the past year. Bulls expect the rally to continue. The argument is that Robinhood has established itself as a mainstay in the investing space and will be able to aggressively expand its pricing power. After all, there will only be new entrants to the investing space.Apple's Free Cash Flow Surges, Implying AAPL Stock Could Be 20% Too CheapEarnings, Manufacturing Data and Other Can't Miss Items this WeekWhat Commodity Sector Looks Best This Holiday Season?Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.However, one of the two main ingredients behind HOOD stock's rally could be showing signs of fading. That is, of course, the broader market's rally. Robinhood is a stockbroker, and they make the most money when the stock market is red hot and full of volatility.Bears believe we're late in the cycle, and HOOD stock may disappoint soon.The company is set to release its Q3 2025 earnings on Nov. 5.www.barchart.comIf you look at analyst expectations and assume that the AI rally will continue for years, it bodes well for HOOD stock. Analysts expect 64.2% EPS growth this year and 16.8% EPS growth next year. Revenue is expected to grow 44.6% this year and 18.5% next year.The market isn't writing a blank check to Robinhood, though. HOOD stock already trades at over 81 times forward earnings. Holding that multiple if the stock market slips is a tall order, if not unthinkable.At the same time, if the market rally does continue, the higher end of estimates can lead to 40-50% annual gains if HOOD stock struts along with earnings.In Q2, the company reported EPS of $0.42 and beat the consensus estimate of $0.31. Revenue of $989 also trounced the $908 million estimate from Wall Street.In short, HOOD stock's current trajectory can continue. Previous quarters have delivered exceptional earnings beats.The company's chief financial officer, Jason Warnick, already hinted at good results in the Q2 earnings call transcript. He said, "As we enter Q3, we're off to a fast start in July. Net Deposits are around $6 billion. It's a really nice pickup from May and June."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,771.55 -80.42 (-1.17%)Dow 3047,085.24 -251.44 (-0.53%)Nasdaq23,348.64 -486.09 (-2.04%)Russell 20002,427.34 -43.90 (-1.78%)VIX19.00 +1.83 (+10.66%)Gold3,950.10 -10.40 (-0.26%)PortfolioSign in to access your portfolioSign inTop gainersHTZ Hertz Global Holdings, Inc. 6.73 +1.79 (+36.23%)XMTR Xometry, Inc. 62.62 +14.05 (+28.93%)PAY Paymentus Holdings, Inc. 36.10 +7.49 (+26.18%)MTSR Metsera, Inc. 73.18 +12.45 (+20.50%)SANM Sanmina Corporation 163.58 +23.24 (+16.56%)Top losersDGNX Diginex Limited 18.25 -5.38 (-22.77%)NCLH Norwegian Cruise Line Holdings Ltd. 18.79 -3.39 (-15.28%)NVTS Navitas Semiconductor Corporation 10.46 -1.79 (-14.61%)ZTS Zoetis Inc. 124.46 -19.89 (-13.78%)WRD WeRide Inc. 9.41 -1.49 (-13.72%)Most activeNVDA NVIDIA Corporation 198.69 -8.19 (-3.96%)PFE Pfizer Inc. 24.30 -0.36 (-1.46%)HTZ Hertz Global Holdings, Inc. 6.73 +1.79 (+36.23%)PLTR Palantir Technologies Inc. 190.74 -16.44 (-7.94%)GRAB Grab Holdings Limited 5.79 -0.29 (-4.70%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAMD Advanced Micro Devices, Inc. 250.05 -9.60 (-3.70%)BTC-USD Bitcoin USD 101,022.23 -4,850.13 (-4.58%)SMCI Super Micro Computer, Inc. 47.40 -3.35 (-6.60%)UPST Upstart Holdings, Inc. 46.24 -1.30 (-2.73%)RIVN Rivian Automotive, Inc. 12.50 -0.69 (-5.23%)Top economic events