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Robinhood Markets (HOOD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The latest trading day saw Robinhood Markets, Inc. (HOOD) settling at $22.07, representing a +1.99% change from its previous close.
Robinhood's revenue growth rates are expected to remain strong, with a 30% CAGR in 2024, making it undervalued at 13x forward EBITDA. Despite subdued free cash flow due to working capital usage, Robinhood's EBITDA is projected to reach $1 billion in 2024, showcasing its profitability. The platform's significant growth in retail trading, high net deposits, and increased Gold subscribers highlight robust customer engagement and revenue growth.
Robinhood Markets, Inc. (HOOD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HOOD broke through the 20-day moving average, which suggests a short-term bullish trend.
After reaching an important support level, Robinhood Markets, Inc. (HOOD) could be a good stock pick from a technical perspective. HOOD surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
Recently, Zacks.com users have been paying close attention to Robinhood Markets (HOOD). This makes it worthwhile to examine what the stock has in store.
Robinhood's growth is taking a pause based on recent numbers.
The trader exits with a very high 5.88% return on capital at risk.
HOOD's trading platform will pay $3.9 million to settle claims that it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022.
A cryptocurrency platform run by Robinhood Markets will pay $3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.
Stock trading app Robinhood on Wednesday launched a new feature in the U.K. allowing retail traders to lend out any stocks they own outright in their portfolio to interested borrowers. Shares lent out via the Robinhood app will be treated as collateral, with Robinhood receiving interest from borrowers and paying it out monthly to lenders.