Robinhood: A Winner for the Patient Investor?
April 08 2022 - 12:58PM
TipRanks
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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