Robinhood Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Robinhood Markets, Inc. (NASDAQ:HOOD) is expected to report higher Q2 earnings, with analysts projecting earnings of 15 cents per share and revenue of $643.34 million. The company recently suspended its 24-hour trading service due to a third-party issue. Analysts have updated their ratings, with Citigroup upgrading the stock to Neutral and Barclays and Piper Sandler raising their price targets.
August 07, 2024 | 6:53 am
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Robinhood is expected to report higher Q2 earnings with projected EPS of 15 cents and revenue of $643.34 million. The company recently suspended its 24-hour trading service due to a third-party issue. Analysts have shown positive sentiment with upgrades and increased price targets.
The expected higher earnings and revenue projections are positive indicators for Robinhood. The recent suspension of the 24-hour trading service is a minor setback but is outweighed by the positive analyst ratings and price target increases. This suggests a likely short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100