Robinhood Markets Stock Is Rising Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Robinhood Markets Inc (NASDAQ:HOOD) shares are rising due to increased attention ahead of its earnings report this week. The stock has been trending on social platforms and was among the most mentioned on Reddit's r/wallstreetbets. Robinhood is expected to report a Q4 loss of 1 cent per share with revenue of $456.814 million. Last quarter, the stock fell after reporting mixed results and a decline in monthly active users. However, shares are up 20% over a year. Wall Street views Robinhood as Neutral, with some analysts expecting a 16.67% rise in the coming year.
February 12, 2024 | 2:56 pm
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Robinhood Markets Inc is experiencing a rise in stock price due to increased attention ahead of its earnings report, with expectations of a Q4 loss but significant revenue. The stock has been trending on social platforms and is viewed as Neutral by Wall Street.
The anticipation of Robinhood's earnings report and the increased social media attention are likely to keep the stock volatile in the short term. Given the stock's performance over the past year and the mixed views from analysts, the short-term impact appears positive but cautious.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100