We recently compiled a list of the 10 Popular Penny Stocks on Robinhood to Watch in 2026. Fold Holdings, Inc. (NASDAQ:FLD) is another popular penny stock on this list.
TheFly reported on May 13 that Cantor Fitzgerald reduced its price objective on FLD from $2 to $1.70 while reiterating an Overweight rating on the stock.
Fold Holdings, Inc. (NASDAQ:FLD) released its first quarter 2026 financial results on May 12, reporting weaker year-over-year performance amid softer conditions across the broader Bitcoin market. The company posted revenue of $5.6 million, representing a decline of more than 21% from the prior-year period, while transaction volume fell 32% to $172 million. Fold also recorded a net loss of $29.2 million during the quarter and ended the period with 826 BTC in its treasury holdings.
Management stated that lower Bitcoin prices negatively affected trading activity, transaction volumes, and customer engagement throughout the industry. Despite the challenging environment, the company continued expanding its product ecosystem, including the rollout of its Bitcoin Rewards Credit Card, which now has more than 1,000 cards in circulation. Fold also highlighted strong early customer engagement trends and increasing cross-platform adoption among users.
Additionally, the business emphasized ongoing expansion plans for its Bitcoin Gift Card initiative, which management believes could support broader customer acquisition and increase long-term engagement across the Fold platform.
Fold Holdings, Inc. (NASDAQ:FLD) is a Bitcoin financial services company that helps consumers earn, save, and spend Bitcoin in everyday transactions.
While we acknowledge the potential of FLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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