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Robinhood Stock Soars 199% In A Year - Can Q1 Earnings Keep The Rally Alive?
RobinhoodRobinhood(US:HOOD) Benzingaยท2025-04-30 13:28

Core Viewpoint - Robinhood Markets Inc is set to report its first-quarter earnings, with Wall Street expecting an EPS of 33 cents and revenues of $922.53 million, indicating strong market anticipation for the company's performance [1]. Group 1: Stock Performance - HOOD stock has increased by 199.39% over the past year and 25.18% year-to-date, reflecting significant growth and investor interest [1]. - The stock is currently trading at $49.37, which is above its five, 20, and 50-day exponential moving averages, indicating solid upward momentum and buying pressure [2]. - The stock's position above its eight-day simple moving average (SMA) of $45.46, 20-day SMA of $42.31, and 50-day SMA of $44.31 confirms a bullish trend [2]. Group 2: Technical Indicators - HOOD remains above its 200-day simple moving average of $34.67, reinforcing the strength of the rally [3]. - The Moving Average Convergence Divergence (MACD) reading of 1.34 suggests that positive price momentum is still building [3]. - The Relative Strength Index (RSI) at 60.85 indicates that the stock is approaching overbought territory but has not yet entered it [3][4]. Group 3: Analyst Ratings and Price Targets - The consensus analyst rating for Robinhood stock is currently Overweight, with a price target of $62 per share [5]. - Recent analyst calls from Keybanc, JMP, and Barclays imply a potential upside of 15.43% for Robinhood stock, with an average price target of $56.67 [5]. - Robinhood stock closed at $49.37, up 0.90% on the trading day prior to the earnings report [5].