Mizuho sees single-stock perpetual futures as possible boost for Robinhood

what happened

Mizuho's latest poll, covering more than 600 active Robinhood customers, found that 94% would likely trade single-stock perpetual futures once offered, according to The Block. Analyst Dan Dolev called the outcome potentially very encouraging for HOOD shares. Meanwhile, 84% of respondents said they would mostly fund these contracts with fresh capital, which in the bank's view means little drain from ordinary stock trading.

Robinhood announced on September 29 plans to roll out perpetual contracts for American customers within months, plus round-the-clock dealing in selected U.S. shares. Yet Johann Kerbrat, the firm's senior vice president overseeing crypto and international, recently told The Block that no single-stock perpetual launch had been announced, and that the company was still evaluating the SEC's new exemption for tokenized equities.

Dolev said the timing remains unclear, though he considers the product plausible in the medium term. Mizuho kept its Outperform rating and $140 price target on HOOD. Coinbase's September registration to list perpetual contracts on large American equities also signals broader industry appetite for the product.

why it matters

For Robinhood, perpetual contracts on individual stocks could create a new revenue stream tied to trading activity. If the survey holds up, much of the demand would come from new money rather than shifting existing trades. The key unknowns are launch timing and how regulators treat tokenized shares.

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