January 3, 2025
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Robinhood Markets, Inc. was upgraded to the Zacks Rank #1 list on January 2, 2025. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Headquartered in Menlo Park, CA, Robinhood Markets Inc. is a financial services company that offers trading services in crypto, stocks, options and ETFs, cash management, margin and securities lending, and Robinhood Gold. The company aims to democratize finance through its commission-free trading model with no account minimums, which was launched in 2013. The company serves in the United States, U.K., and selected European Union (EU) jurisdictions through its apps and subsidiaries.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.12 to $0.83 per share. HOOD also boasts an average earnings surprise of 173.6%.
Analysts are expecting earnings to grow 236.1% for the current fiscal year, with revenue forecasted to rise 47.9%.
Even more impressive, HOOD has gained in value over the past four weeks, up 1.3% compared to the S&P 500's loss of 2.8%.
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Robinhood Markets, Inc. could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report
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