Robinhood Markets, Inc. - Class A Common Stock (HOOD)
103.25
+0.00 (0.00%)
NASDAQ · Last Trade: Jul 17th, 7:02 AM EDT
Detailed Quote
Previous Close
103.25
Open
-
Bid
103.80
Ask
103.93
Day's Range
N/A - N/A
52 Week Range
13.98 - 104.62
Volume
317,508
Market Cap
24.02B
PE Ratio (TTM)
58.66
EPS (TTM)
1.8
Dividend & Yield
N/A (N/A)
1 Month Average Volume
52,727,871
Chart
About Robinhood Markets, Inc. - Class A Common Stock (HOOD)
Robinhood Markets Inc is a financial technology company that provides a digital platform for trading stocks, options, and cryptocurrencies. Designed to make investing accessible to a broader audience, Robinhood offers commission-free trades and has gained popularity for its user-friendly mobile app, which allows users to buy and sell financial instruments with ease. In addition to its trading services, the company also offers features such as cash management, educational resources, and research tools, aiming to empower investors of all experience levels to take control of their financial futures. Read More
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 4.3% in the afternoon session after an analyst at Piper Sandler significantly raised their price target on the stock. The investment firm boosted its price target on the online brokerage to $110 from $70, while maintaining an "overweight" rating on the shares. This move signals strong confidence from the analyst in the company's future performance.
Vlad Tenev, the CEO of Robinhood Markets Inc. (NASDAQ: HOOD), is defending his company's bold move to give retail investors exposure to shares in high-profile private companies such as SpaceX and OpenAI, without seeking their permission.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Renowned TV host Jim Cramer is stirring chatter on X with another buzzworthy "meme stock" acronym, aimed at a new group of retail-favorite stocks that are defying gravity.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 3.2% in the morning session after JMP Securities significantly raised its price target on the financial services company. The investment firm boosted its price target to $125 from $70, representing a nearly 79% increase, while maintaining a "Market Outperform" rating on the stock. This move signals strong confidence from the analyst in the company's future performance and growth potential. The bullish sentiment from JMP Securities adds to a series of recent price target upgrades from other Wall Street firms, including Goldman Sachs and Cantor Fitzgerald, reflecting growing optimism around Robinhood's strategic initiatives. Analysts have pointed to the company's expansion into new products and its international growth, particularly the recent introduction of tokenized U.S. stocks for users in the European Union, as key drivers for future revenue.
Several Bitcoin (CRYPTO: BTC)-associated companies saw their shares rise in overnight trading Monday, as the apex digital asset continued its record-breaking bull run.
Bitcoin’s rally wasn’t enough to keep Robinhood shares in the green after Florida’s Attorney General opened an investigation into the firm over alleged ‘deceptive’ low-cost trading practices.
