Workflow
Robinhood: Recent Drop Is A Gift
HOODRobinhood(HOOD) Seeking Alpha·2024-08-19 10:06

Cindy Ord/Getty Images Entertainment Before Q1 earnings, I wrote an article expressing my belief that Robinhood was a Strong Buy. After the recent market-related drop, brilliant Q2 earnings and July monthly metrics, I re-iterate my STRONG BUY rating. The recent drop On May 4, I posted my bullish thesis on Robinhood (NASDAQ:HOOD). At the time, Robinhood was trading around $17. The stock reached $24.88 and then dropped a whopping 43% following the overall market correction. Since then, Robinhood has recovered ...