Robinhood Stock Has 76% Upside, According to 1 Wall Street Analyst
HOODRobinhood(HOOD) The Motley Fool·2024-05-13 07:06

Robinhood stock may not be worth 30,but30, but 17? Yes, that's a reasonable price. Robinhood Markets (HOOD -6.18%) made Wall Street's best and brightest look painfully slow this week. Analysts predicted the popular online brokerage would earn only 0.05pershareinitsfirstquarterof2024,butRobinhoodthumpedthatforecast,reportingan0.05 per share in its first quarter of 2024, but Robinhood thumped that forecast, reporting an 0.18 per-share profit -- and record revenue of $618 million. Investors yawned. Robinhood stock actually fell Thursday on Wednesday's news and kept on falling through the c ...