Robinhood's shares are trading at a huge premium. Is the current valuation justified or is it a red flag?
Robinhood's shares have tripled year to date, driven by revenue and profitability growth, and new initiatives like retirement accounts and the Robinhood Legend platform. I'm reiterating my buy rating on Robinhood, but setting a price target at $47 (12x FY25 revenue). Robinhood saw elevated trading volumes in November, with large jumps in crypto trading activity that are poised to drive acceleration in revenue growth in Q4.
Robinhood stock price is firing on all cylinders, helped by the strong equity and crypto market. HOOD jumped by 206% in 2024, pushing its market valuation to over $34 billion.
Dan Dolev, senior fintech analyst and managing director at Mizuho, joins CNBC's 'The Exchange' to discuss his crypto predictions for next year, why he thinks Robinhood could be a winner in the space in 2025, and more.
HOOD remains well-poised for growth, given lower rates, product diversification efforts and buyouts. However, regulatory exposure and high SBC costs are woes.
In this podcast, Motley Fool analyst David Meier and host Mary Long discuss:
HOOD plans to roll out options trading in the United Kingdom in the beginning of 2025 as it aims to boost its presence globally.
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 (HOOD 3.76%), the online brokerage that popularized commission-free trading, went public in July 2021 at $38 a share. Its stock hit an all-time high of $70.29 less than a week later, but it dropped below $7 by the following June.
Thanks to fractional shares and commission-free trading, anyone can invest these days, whether you've got $200 or $2 million. Investing can be risky and time-consuming, so it's a good idea to start investing as early as possible and with a smaller amount of money so your losses don't impact you too much financially.
Robinhood Markets, Inc. (HOOD) closed at $36.94 in the latest trading session, marking a -0.38% move from the prior day.
2024 was a big year for Robinhood (HOOD). The stock is up more than 220% over the past year as the company has expanded both its offerings and customer base.