Robinhood's funded customer base grew 34% since 2021, reaching 24.2 million accounts by Q2 2024, indicating strong engagement. AUC surged 72.6%, rising from $80.9 billion in Q1 2021 to $139.7 billion in Q2 2024. Millennials hold 50% of Robinhood's total AUC ($79 billion), positioning them as a critical target demographic for future growth.
Robinhood stock is on fire. Will the good times last?
Robinhood is holding two more events for investors later this year, and they could drive the company's performance for years to come.
Cathie Wood's ARK Invest made headlines on October 9, 2024 by offloading nearly 1.5 million shares of Robinhood Markets (NASDAQ: HOOD), cashing in on the stock's recent surge to a 52-week high. The sale came after Robinhood stock jumped 9.
Shares in Robinhood Markets (HOOD) could remain in focus on Wednesday after jumping nearly 10% yesterday following the announcement of the online trading platform's inaugural investor day and news of a price target boost from Barclays.
Robinhood Markets (HOOD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Robinhood rallies to break out after a string of target hikes from analysts ahead of Q3 results. HOOD stock nearly doubled in 2024.
Shares of Robinhood (HOOD, Financial) surged by 7.25% today, trading at $25.01. The increase comes on the heels of the company's announcement of its inaugural Investor Day, set for December 4, 2024, where Robinhood intends to lay out its strategic vision for the coming decade and discuss ways to boost value for both customers and shareholders.
Zacks.com users have recently been watching Robinhood Markets (HOOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
HOOD intends to offer UK stock investment service to its British users. It, thus, aims to revolutionize the UK brokerage industry via a commission-free model.
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In the most recent trading session, Robinhood Markets, Inc. (HOOD) closed at $22.63, indicating a +1.34% shift from the previous trading day.