Robinhood Announces $1.5 Billion Share Buyback Program as Stock Slides 39%

Source: [https://beincrypto.com/robinhood-buyback-hood-stock-decline-2026/](https://beincrypto.com/robinhood-buyback-hood-stock-decline-2026/)

HOOD tripled in 2025 then lost 39% year-to-date in 2026, closing at a yearly low of $69.08, down over 54% from its October all-time high of $152.46. Robinhood's board responded by approving a $1.5 billion share repurchase program to be executed over three years, adding $1.1 billion in fresh buyback capacity.

The company also quietly expanded its JPMorgan credit facility from $2.65 billion to $3.25 billion, expandable to $4.87 billion. Wall Street analysts still hold a strong buy rating with a 12-month price target implying roughly 79% upside from current levels.

The question is whether this buyback signals genuine undervaluation or just management trying to catch a falling knife.