Robinhood said on Monday it was working to resolve an issue causing service interruptions for some users on its trading platform.
In the latest trading session, Robinhood Markets, Inc. (HOOD) closed at $22.31, marking a +0.77% move from the previous day.
Robinhood Markets Inc. HOOD just got a significant vote of confidence from Wolfe Research analyst Steven Chubak, who upgraded the stock from Peer Perform to Outperform, citing strong growth prospects and a durable earnings trajectory. The upgrade follows an insightful meeting with CFO Jason Warnick, which bolstered Chubak's bullish stance on the stock.
Robinhood Markets Inc (NASDAQ:HOOD) stock is 3.6% higher before the opening bell, after Wolfe Research upgraded the online trading platform to "outperform" from "peer perform" with a $29 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
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 20-day moving average, suggesting a short-term bullish trend.
Zacks.com users have recently been watching Robinhood Markets (HOOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Robinhood Markets, Inc. (HOOD) settling at $21.73, representing a -0.59% change from its previous close.
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Robinhood Markets Inc. (HOOD) is a California-based financial technology (fintech) company that operates an online discount brokerage with commission-free trading. Using its web- and mobile- based platforms, investors can buy and sell stocks, exchange-traded funds (ETFs), options, and American depositary receipts (ADRs).
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