As a trading platform, Robinhood Markets (HOOD) proved itself a hit with the mobile-friendly younger generations. However, it has its share of problems regarding profitability. A recent analyst downgrade sent the company reeling, losing 4.1% in Friday's premarket trading. That loss continued into today's trading, with the currently stock down over 6%. I'm cautiously bullish on Robinhood, though, thanks to its longer-term potential and some new possible developments that could give it a boost down the line. The last year for Robinhood shares was all about finding its level. After a sudden spike in August doubled share prices, Robinhood immediately began to fall.
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Robinhood Markets (NASDAQ:HOOD)
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Robinhood Markets (NASDAQ:HOOD)
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From Jun 2021 to Jun 2022 Click Here for more Robinhood Markets Charts.