Robinhood Markets, Inc. (HOOD) reachead $22.81 at the closing of the latest trading day, reflecting a -0.61% change compared to its last close.
Robinhood Markets Inc HOOD stock is up after Piper Sandler analyst Patrick Moley maintained an Overweight rating and raised its price target from $23 to $27.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
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.