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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.
Robinhood stock peaked at $85 in 2021 before declining by 91%. It's on the rebound now with a strong gain in 2024 already, thanks to a resurgence in its transaction revenue.
A Wells Notice means the SEC is about to take enforcement against a company. The SEC gave a Wells Notice to Robinhood on May 4.
Robinhood stock beat on sales and earnings this week, with the company reporting its best revenue ever. JMP Securities now rates the stock as "outperform" with a $30 price target.
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.
Robinhood Markets, Inc. NASDAQ: HOOD is a pioneer in commission-free online trading, and the company has carved a distinct niche within the online brokerage industry. Robinhood Markets provides user-friendly and accessible investment platforms tailored to younger investors.
Robinhood Markets (HOOD) posted its first-quarter results which revealed a gain in revenue, up 40% year-over-year, with revenue from crypto up 232%. Among the positive results showed thousands of customers sign up for Robinhood's retirement account offering, potentially on the back of rising retirement concerns around Social Security insolvencies.
Dan Dolev, Mizuho senior analyst, joins 'Squawk Box' to break down Robinhood's quarterly earnings results, how much of the company's results are tied to crypto, state of crypto, and more.
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.
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.