Robinhood: Wall Street Is Not Ready For X1
HOODRobinhood(HOOD) Seeking Alpha·2023-12-29 11:10

Kimberly White Amidst a surge in speculative stocks, Robinhood (NASDAQ:HOOD) has seen its stock run up as well. The company appears to be benefitting from a win-win situation: higher interest rates have led to a surge in interest income and profitability, while the prospects for interest rate cuts might lead to increased trading revenues and higher valuation multiples. HOOD continues to hold a bulletproof balance sheet highlighted by over $5 billion of net cash and I expect top-line growth to accelerate as ...