Robinhood Markets Stock News

Robinhood's shares have tripled year to date, driven by revenue and profitability growth, and new initiatives like retirement accounts and the Robinhood Legend platform. I'm reiterating my buy rating on Robinhood, but setting a price target at $47 (12x FY25 revenue). Robinhood saw elevated trading volumes in November, with large jumps in crypto trading activity that are poised to drive accelera...

Robinhood stock price is firing on all cylinders, helped by the strong equity and crypto market. HOOD jumped by 206% in 2024, pushing its market valuation to over $34 billion.

Artificial intelligence was the story of the tech market in 2024 and was the catalyst behind some of the biggest individual gains. Crypto was the other big driver, particularly after Donald Trump's election victory in November.

In this podcast, Motley Fool analyst David Meier and host Mary Long discuss:

Robinhood Markets (HOOD 3.76%), the online brokerage that popularized commission-free trading, went public in July 2021 at $38 a share. Its stock hit an all-time high of $70.29 less than a week later, but it dropped below $7 by the following June.

Thanks to fractional shares and commission-free trading, anyone can invest these days, whether you've got $200 or $2 million. Investing can be risky and time-consuming, so it's a good idea to start investing as early as possible and with a smaller amount of money so your losses don't impact you too much financially.

As 2024 concludes, investors await the Santa Claus rally lifting stocks in the last week of December and the January effect to kick in the following month. The January effect occurs when investors buy back into the market after taking their tax losses and selling their underperforming stocks to offset capital gains from cashing in on their winners.

Robinhood's (HOOD -3.63%) most recent data release showed another great month of momentum in November, and that should keep the company growing in 2024. In this video, Travis Hoium shows why this remains one of the hottest stocks in fintech.