IPO Stock Of The Week: Robinhood Surges Above Buy Point On Analyst Upgrade
Robinhood(HOOD) investors.com·2024-05-18 02:51
IPO Stock Of The Week Robinhood Markets (HOOD) surged past an alternative buy point Friday, adding to its big gains. Robinhood stock is on Investor's Business Daily's IPO Leaders screen.X In the company's May 8 first quarter report, the online trading platform reported earnings and sales that crushed Wall Street's estimates due to a surge in retail cryptocurrency trading. Robinhood earned 18 cents a share, a big shift from a year-ago loss. Revenue surged 40% year over year, to a record $618 million.Analysts ...