Shares of Robinhood Markets (HOOD) climbed about 1% to $22.85 in intraday trading Monday after the online trading site moved to add an artificial intelligence (AI)-powered investment research platform to its portfolio.
Robinhood (NASDAQ: HOOD ) is one company some investors have a difficult time making sense of. During the previous sharp decline in retail trader activity with the deflation of the previous meme cycle — and the so-called crypto winter — HOOD stock sank dramatically from its peak.
Robinhood Markets said on Monday it had bought artificial intelligence-powered investment platform Pluto Capital, adding the trading app to a growing list of companies looking to offer AI tools to customers.
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.