Shares in Robinhood Markets (HOOD) will likely remain on investors' radar screens Tuesday after Morgan Stanley upgraded the stock and significantly raised its price target, saying that the company sits well-positioned to benefit from the outcome of the U.S. presidential election.
CNBC's Kate Rooney joins 'Squawk on the Street' to report on Robinhood's chief legal officer speaking out on potential SEC chair role.
Robinhood Markets' Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under Donald Trump, told CNBC on Friday he was not interested in the role.
Robinhood NASDAQ: HOOD is the company that created the trading app that once epitomized the democratization of finance and the financial services sector. Robinhood's stock price has surged by over 330% this year, which is a dramatic rebound from its previous lows.
Robinhood's stock has surged over 50% due to strong crypto trading margins and strategic acquisitions, making it a strong buy despite traditional valuation concerns. The company's unique subscription model and recent acquisition of TradePMR position it well for growth in the investment advisory and retirement asset markets. Despite a high forward P/E ratio, Robinhood's projected revenue growth of 26.79% justifies its premium valuation, with an additional 20% upside potential.
In sync with its strategy to become a one-stop shop for financial services, HOOD announces an agreement to acquire TradePMR.
Robinhood Markets Inc (NASDAQ:HOOD) stock is up 4.8% ahead of the open, after Needham upgraded the brokerage platform to "buy" from "hold" and set its price target at $40.
Vlad Tenev, Robinhood Chairman & CEO, and Robb Baldwin, TradePMR founder & CEO, join CNBC's 'Halftime Report' to discuss the acquisition and what it means for the fintech landscape.
CNBC's Jim Cramer reports on the latest from Robinhood.
Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.
Needham upgraded Robinhood (HOOD) stock to Hold from Buy, with a price target of $40. Analyst John Todaro joins Market Domination to explain his motivation behind the call.
John Todaro, analyst at Needham, joins CNBC's 'Money Movers' to discuss why his firm is upgrading Robinhood to a buy, what the incoming administration means for crypto and crypto trade, and more.