Robinhood's Q2 results and recent July metrics release showcase tremendous new deposit growth despite recent market volatility. Crypto revenue is more than doubling y/y, helping Robinhood to grow Q2 revenue at a >40% y/y clip alongside strong net interest income. The company recently also acquired a major European crypto exchange, Bitstamp, which accelerates the company's overseas push after entering into the UK market earlier this year.
Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock, citing "attractive growth potential.
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 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.
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'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.