Robinhood stock may not be worth $30, but $17? Yes, that's a reasonable price.Robinhood Markets (HOOD -6.18%) made Wall Street's best and brightest look painfully slow this week. Analysts predicted the popular online brokerage would earn only $0.05 per share in its first quarter of 2024, but Robinhood thumped that forecast, reporting an $0.18 per-share profit -- and record revenue of $618 million. Investors yawned. Robinhood stock actually fell Thursday on Wednesday's news and kept on falling through the cl ...

Financial services companies offer many essential products and services that help people stay on top of their budgets, acquire assets and achieve long-term goals. The demand for these services won’t go away, and research from Fortune Business Insights suggests high growth is here to stay.According to the research, the global fintech market is expected to achieve a 16.5% compounded annual growth rate until 2032. Some companies in the industry will grow faster than others, and these variances present opportun ...

Key PointsRobinhood achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading.Strategic initiatives, including expanded Robinhood Gold features, fuel customer engagement and market reach.While regulatory scrutiny and market volatility pose challenges, Robinhood's innovative approach and commitment to democratizing finance position the company for continued growth.5 stocks we like better than Robinhood MarketsRobinhood Markets, Inc. NASDAQ: HOOD ...

Robinhood Markets Inc (NASDAQ: HOOD) has gained a whopping 70% over the past three months but a Mizuho analyst is convinced it could extend the rally further in the coming months. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here’s why Robinhood stock is worth buyingCopy link to sectionDan Dolev reiterated his “buy” rating on $HOOD this morning after the financial services company reported quarterly earnings that were “as good as gold”.  Robinhood, ...

Robinhood (NASDAQ:HOOD) stock is trending in the green this morning after the company posted much better-than-expected first-quarter results. The positivity is being largely driven by a resurgence of retail trading activity on Robinhood’s platform.In the wake of the results, several banks and analyst firms, including Japan’s Mizuho, raised their price targets on HOOD stock.Robinhood’s Q1 ResultsAmid the results, Robinhood reported that it was able to gain market share from competitors and also benefited fro ...

Key TakeawaysRobinhood posted record profit and sales on booming demand for cryptocurrency trading.The online brokerage also benefited from the soaring price of gold.Net deposits were at an all-time high as well. Shares of Robinhood Markets (HOOD) rose in intraday trading Thursday as the online brokerage posted record profits and sales on soaring cryptocurrency trading. Robinhood reported first-quarter earnings per share (EPS) of $0.18, three times analysts’ estimates compiled by Visible Alpha. Revenue jump ...

Robinhood Markets Inc (NASDAQ:HOOD) is up 2.9% to trade at $18.37 this morning, following the trading platform's first-quarter earnings results. Robinhood posted earnings of 18 cents per share on revenue of $618 million both of which topped analyst estimates. The quarterly top-line beat was boosted by record net deposits of $11.2 billion.  Options traders are targeting the stock after the results, with total volume running at 12 times what's typically seen at this point and calls nearly tripling the number ...

This could be one of the best fintech stocks to buy right now.In this video, I will cover Robinhood's (HOOD -0.78%) first-quarter earnings report, which blew all of my expectations out of the water.*Stock prices used were from the trading day of May 8, 2024. The video was published on May 9, 2024. ...

Those who watch the Robinhood Markets Inc stock price closely might be forgiven for getting a little dizzy in past twenty-four hours – it’s certainly been a wild ride.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Robinhood share prices rose 6.3% to $18.97 yesterday, over 6%, during extended US trading hours, to close at $17.99 on Wednesday. They then dipped all the way down to $17.60, Robinhood’s opening price today, before rallying slightly to $17. ...

Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue.Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing data from LSEG.This also marked an improvement from the same period last year, when the company reported a loss of $511 million or 57 cents per share, according to ...