Robinhood isn't just about YOLO trading anymore.
Robinhood Markets (HOOD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Robinhood Markets Inc. shares are down about 25% from their recent peak in July — and Piper Sandler analyst Patrick Moley sees a buying opportunity.
Piper Sandler has upgraded Robinhood Markets (NASDAQ: HOOD) to an “Overweight” rating from “Neutral,” and increased their price target from $20 to $23. This adjustment suggests a potential upside of over 28% from the stock's current trading price, presenting an attractive entry point after a 27% pullback from its 52-week high on July 16.
The global selloff did a number on Robinhood Markets Inc (NASDAQ:HOOD), though the stock has been steadily climbing since then.
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Robinhood's stock has been cut in half since its IPO three years ago. Rising interest rates throttled the riskier trades that fueled its growth.
Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to its cryptocurrency business. Vlad Tenev, CEO of Robinhood, told Bloomberg Television about this move in a Thursday (Aug.
The headline numbers for Robinhood Markets (HOOD) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Online brokerage Robinhood Markets Inc. HOOD reported its Q2 earnings Wednesday evening, reporting $682 million in quarterly revenue and $188 million in net income to beat analyst expectations. That was a significant bump compared to the previous year, when the company reported $486 million in revenue and a net income of $25 million in the second quarter.
Robinhood stock is higher after the trading platform reported strong Q2 earnings results and analysts have been quick to chime in. Here's what they're saying.
Robinhood Markets HOOD is enjoying strong deposit growth and new products, analysts noted after second-quarter results.