Robinhood Prepares For Q4 Earnings: Bullish Technical Indicators Suggest Optimism Among Investors
Portfolio Pulse from Surbhi Jain
Robinhood Markets Inc (NASDAQ:HOOD) is set to report its Q4 earnings with expectations of a negative 1 cent EPS and $453.46 million in revenues. The stock has shown bullish technical indicators such as being above its exponential moving averages and a bullish MACD indicator, despite nearing overbought conditions according to the RSI. Analyst consensus rates HOOD as Neutral with a price target of $14.05, amidst recent upgrades. Shares were down 2.6% at $11.70 ahead of the earnings report.
February 13, 2024 | 3:27 pm
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Robinhood's Q4 earnings anticipation has led to bullish technical indicators, but caution is advised due to nearing overbought conditions. Analyst consensus is Neutral with a price target of $14.05.
The anticipation of Robinhood's Q4 earnings has resulted in bullish technical indicators, suggesting optimism among investors. However, the RSI nearing overbought conditions could temper short-term gains. The Neutral analyst consensus and recent price target upgrades indicate a cautious optimism, which could influence short-term stock performance positively, especially if the earnings report exceeds expectations.
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