Robinhood (NASDAQ:HOOD) stock is up on Friday after the financial services platform company got a new price target from Bank of America analysts. This has the Bank of America analysts increasing their price target for HOOG stock from $14 per share to $24 per share. That represents a potential 34% upside from the stock's prior closing price. It's also bullish next to the analysts' consensus price prediction of $19.75 per share. In addition to this, Bank of America also have HOOD stock a double upgrade today. ...

Robinhood Markets, Inc. (HOOD) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends ...

MENLO PARK, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for April 2024: Funded Customers at the end of April were 24.0 million, up approximately 90 thousand from March 2024. Assets Under Custody (AUC) at the end of April were $123.3 billion, down 5% from March 2024. Net Deposits were $4.9 billion in April, translating to a 45% annualized growth rate relative to March 2024 AUC. Over the last twelve months, Net Depos ...

Robinhood Markets, Inc. (HOOD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +4.1%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Financial - Investment Bank industry, which Robinhood Markets falls in, has gained 11.6%. The key question now is: What could be the sto ...

FN Media Group Presents StreetSignals.com Market Commentary NEW YORK, May 15, 2024 /PRNewswire/ -- Robinhood (NASDAQ:HOOD) reported a significant earnings beat for the first quarter, driven by a surge in crypto trading volumes and increased net interest revenue due to rate hikes. The positive momentum in the crypto sector was further bolstered by the US approval of the first spot bitcoin ETFs in January, revitalizing industry sentiment after several high-profile setbacks in recent years. Other FinTech compa ...

Growth is only part of the story for Robinhood. Robinhood (HOOD 8.38%) stock continues its volatile path, but the business is hitting on all cylinders. In the first quarter, Robinhood added funds to the platform and grew Gold memberships to a new record. In this video, Travis Hoium lets you know why this is incredibly bullish for the company. *Stock prices used were end-of-day prices of April 11, 2024. The video was published on May 13, 2024. ...

From a cursory look at the statistics, financial services firm Robinhood (NASDAQ:HOOD) — known for its gamified trading app — seems an idea from which to exit quickly. Last Friday, HOOD dropped more than 6% in equity value. In the past month (under wildly choppy conditions), Robinhood stock suffered a near 10% loss. At the same time, the company posted some record-setting metrics for its most recent first-quarter 2024 earnings report. Further, retail investors are continuing to take control of their portfol ...

LONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday. Nebehaj, Freetrade's incoming CEO, applauded Dodds' eight-year run as CEO and said that "it's natural that different stages of a company's growth require different leaders." "With our first profitable quarter behind us, I'm excited about the size of the opportunity ahead," Nebehaj said in a statement. "Our talented and high-quality team is buildi ...

If big, boring banks aren’t worried about the rise of Robinhood Markets (NASDAQ:HOOD), they ought to be. Robinhood stock is volatile, but holding shares makes sense if you believe the financial-trading landscape is changing. Instead of fearing change, you can choose to accept and even embrace it. There’s no turning back the clock and no undoing what Robinhood has done for the financial markets during the past decade. So, get on board or and get ready to make some money, or just get out of the way. Tradition ...

Robinhood's latest earnings report offered several positive takeaways.I have been very critical of Robinhood Markets (HOOD -6.18%) during the last couple of years, which wasn't necessarily controversial given that its stock suffered a peak-to-trough collapse of 91% from its all-time high. The online brokerage platform was consistently losing active users, and its transaction revenue seemed to be in perpetual decline as a result.However, Robinhood's fortunes have changed in 2024. A rising stock market has br ...