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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.
Robinhood Markets (HOOD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Fintech stocks to buy have been a recent favorite of growth investors. Why? The traditional finance system is long overdue for an overhaul and there are plenty of startup fintech companies that are ready to make a change.
Steve Quirk, Robinhood chief brokerage officer, joins 'Squawk Box' to discuss the return of the meme stock trade, the ongoing price volatility in Bitcoin, and more.
MENLO PARK, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for April 2024:
Robinhood Markets (HOOD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Growth is only part of the story for Robinhood.
Trading platform Robinhood Markets Inc (NASDAQ:HOOD), alongside BlackBerry Ltd and Virgin Galactic Holdings Inc (NYSE:SPCE) marked just some of the beneficiaries of the latest meme stock craze. Up 8.6%, 16.8% and 29.6% respectively in Tuesday's early trading, the trio emerged behind GameStop Corp (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC) Inc in gaining a new lease of life after the return of meme stock frenzy engineer Roaring Kitty to X.
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.
British stockbrokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodd has stepped down.