Robinhood (NASDAQ: HOOD) stock saw a nice jump of 2.8% in the afternoon trading session after two big developments boosted investor confidence. First, Bank of America raised its price target for Robinhood to $157 from $139 while keeping a “Buy” rating. Second, Robinhood’s CEO Vlad Tenev made bold predictions about the future of finance, calling asset tokenization a “freight train” that’s going to transform the financial world.

Tokenization is a new trend where real-world assets, like stocks, are linked to blockchain technology to make them easier to trade globally. Robinhood is already moving in that direction by launching tokenized U.S. stocks in Europe. This comes shortly after the company was added to the S&P 500 index last month—a big milestone that often leads to more attention from major investors.

After the initial jump, Robinhood’s stock settled at $144.06, still up 3.6% from the previous close. This price marks a fresh 52-week high.

Is now the right time to buy Robinhood stock? That’s the big question on investors’ minds. The company’s shares have been very volatile, with 57 moves of over 5% in just the past year. So while today’s rise is positive, it doesn’t necessarily mean a total shift in how investors see the company.

Just a few days ago, Robinhood stock surged 9%, hitting a new all-time high of $132. That rally was driven by strong business growth and several analysts raising their price targets. For example, Piper Sandler increased theirs to $140, BofA to $139, and Mizuho to $145—signs that Wall Street is increasingly confident in Robinhood’s strategy.

On the financial side, things are looking strong. Last quarter, Robinhood’s crypto revenue nearly doubled—up 98% to $160 million. The platform also added 2.3 million new funded accounts. These gains show that Robinhood is expanding its user base and benefiting from increased interest in cryptocurrency trading.

Crypto markets are also helping fuel the momentum. The total value of digital assets has gone up 2.5%, now standing at $3.86 trillion. Major coins like Bitcoin hit $112,000 again, and Ethereum rose 2.8%. Meanwhile, SEC Commissioner Hester Peirce said the U.S. is becoming more open to crypto regulations—a sign that the industry may get more support going forward.

Adding to this positive environment is the Federal Reserve’s recent decision to restart rate cuts, which usually boosts high-risk assets like tech stocks and cryptocurrencies.

Since the start of the year, Robinhood shares have soared 265%. At its current price of $144.06, someone who invested $1,000 during Robinhood’s IPO in July 2021 would now be sitting on more than $4,100.

While major chipmakers like Nvidia and AMD are grabbing headlines thanks to AI, there are also smaller but fast-growing semiconductor companies gaining from this trend. Interested investors might want to explore these hidden gems that are set to benefit from the AI boom.