Robinhood: Keep Riding This Rally
Robinhood(HOOD) Seeking Alpha·2024-06-14 14:50
loveguli/E+ via Getty Images With euphoria powering the stock market to new all-time highs, one big beneficiary of heightened trading activity is Robinhood (NASDAQ:HOOD). The tech-oriented brokerage has continued to pick up more net deposits while also enjoying a ballooning of asset values, powering the company's revenue and path to profitability. A recent Q1 earnings print also did Robinhood plenty of favors, and pushed the stock's year-to-date rally up to ~90% now. Still, I think there's plenty of lon ...