Robinhood Exchange to Allow Users to Use AI to Trade Stocks

Key Takeaways

• Robinhood now allows its users to use AI agents to trade stocks and crypto on behalf of the user.
• Customers will be able to create a separate account for their AI agents and connect them to a dedicated wallet.
• Robinhood is also debuting a new virtual credit card that the AI agents will use for payments

Robinhood (HOOD) has revealed that it will allow its users to use AI agents to trade stocks and crypto on behalf of the user. The market platform  is launching a new feature that lets customers hand their trading and credit-card purchasing decisions to their favorite artificial-intelligence tools. Customers will be able to create a separate account for their AI agents and connect them to a dedicated wallet.

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A New Age of Stock Trading Thanks to AI Boom

Robinhood users will get notifications of all trades their AI agent makes, and will be able to monitor their activities within the Robinhood app itself. For some trades, agents will show a preview that users may have to approve before the order is executed. The company said it has also built in fraud detection protection, in which a team from Robinhood would review suspicious trades and help users resolve disputes.

In addition, Robinhood is also debuting a new virtual credit card meant to be used by AI agents. With this card, users can connect their AI agents to the company’s banking MCP server to enable them to make payments. 

The agentic trading and credit-card spending feature marks another step forward, said Abhishek Fatehpuria, Robinhood’s vice president of product management. “These AI agents for consumers have started to trade in the market,” Fatehpuria said. “One thing that we’ve learned from talking to our customers is that they want to give their agents the power of Robinhood, but in a very safe way.” 

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Several top financial firms have begun including AI in its plans for customer services, foreshadowing a new age of investing. Amazon (AMZN) offers AI trading tools that deliver real-time signals and data-driven strategy recommendations through AWS. Stripe, Amazon, Google, and newer startups like Prava Pay are also building products that give AI agents the ability to buy stuff on users’ behalf.

Robinhood (HOOD) Stock to Rally After AI Update?

Robinhood (HOOD) stock climbed 3% higher on Wednesday, with investors not viewing the update as an event to cause volatility. Per chart data from TipRanks, HOOD stock may have finally bottomed out after its 30% decline in 2026. Based on 18 Wall Street analysts offering 12 month price targets for Robinhood, the average price target is $100.18 with a high forecast of $135.00 and a low forecast of $65.00. The average price target represents a 31.15% change from the last price of $76.39.

This month, several investment firms have assigned or maintained buy ratings for HOOD stock. The highest came from five-star Bank of America analyst Craig Siegenthaler, who assigned a $122 target on May 8, implying upside of over 50%. While presently the stock isn’t too volatile after the AI trader update, Robinhood has plenty of potential to climb heading into the second half of the year according to The Street. Analysts cite the firm’s new partnership with BNY Mellon, to open up access to financial markets for a wider group of people.

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