HOOD Jun 2024 18.000 call
- Yahoo Finance Video
Why Wolfe Research is bullish on Robinhood
Robinhood Markets (HOOD) received an upgrade from Wolfe Research from Peer Perform to Outperform with a price target of $29 per share. The firm cited the company's strong fundamentals as helping it achieve growth. Wolfe Research managing director Steven Chubak joins Market Domination to give insight into the firm's upgrade and how he believes the stock will perform moving forward. Chubak outlines the growth levers that Wall Street is missing: "I think the most important component is actually expenses. So there is a tendency to focus on a lot of the brokerage metrics. But what's really going to drive the earnings growth from here is the fact that they have a highly leverageable expense base, where our expectation is that 90% of their expenses are fixed. They are going to see 75% incremental margins...It's that operating leverage that people are not adequately reflecting in numbers and that's really the biggest source of upside," Chubak tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Wolfe Research upgrades Robinhood to Outperform
Wolfe Research has upgraded Robinhood (HOOD) to Outperform from Peer Perform, citing the company's strong fundamentals. Yahoo Finance's Seana Smith and Madison Mills report more on the call and how the company has benefitted from the meme stock rally. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Zacks
Robinhood Markets, Inc. (HOOD) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Robinhood Markets, Inc. (HOOD) closed at $22.31, marking a +0.77% move from the previous day.
