Robinhood scores double-upgrade at BofA on rising retail engagement

seekingalpha05-17

Robinhood Markets (NASDAQ:HOOD) stock climbed 4.9% in Friday premarket trading after Bank of America Securities bumped up its rating on the stock and crypto trading app to Buy from Underperform, a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2436398911?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1291817102/image_1291817102.jpg","is_english":true,"pubTime":"2024-05-17 20:32","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2436398911","market":"nz","top_or_hot":-1,"title":"Robinhood scores double-upgrade at BofA on rising retail engagement","media":"seekingalpha","content":"<div>\n<p>Robinhood Markets (NASDAQ:HOOD) stock climbed 4.9% in Friday premarket trading after Bank of America Securities bumped up its rating on the stock and crypto trading app to Buy from Underperform, a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4107878-robinhood-scores-double-upgrade-at-bofa-on-rising-retail-engagement\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood scores double-upgrade at BofA on rising retail engagement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood scores double-upgrade at BofA on rising retail engagement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-17 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4107878-robinhood-scores-double-upgrade-at-bofa-on-rising-retail-engagement><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Robinhood Markets (NASDAQ:HOOD) stock climbed 4.9% in Friday premarket trading after Bank of America Securities bumped up its rating on the stock and crypto trading app to Buy from Underperform, a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4107878-robinhood-scores-double-upgrade-at-bofa-on-rising-retail-engagement\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861217088.USD","symbol_name":"贝莱德金融科技A2","start_time":0,"source_url":"https://seekingalpha.com/news/4107878-robinhood-scores-double-upgrade-at-bofa-on-rising-retail-engagement","article_id":"2436398911","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1291817102/image_1291817102.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436398911","pubTimestamp":1715949126,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Robinhood Markets  stock climbed 4.9% in Friday premarket trading after Bank of America Securities bumped up its rating on the stock and crypto trading app to Buy from Underperform, a rare double-upgrade. \"We view the current entry point as the opposite of 2021 when we initiated at Underperform after its IPO given:  rising retail engagement and accelerating organic growth;  positive operating leverage after large expense reductions;  attractive valuation following increases in EBITDA/EPS,\" analyst Craig Siegenthaler wrote in a note to clients.  He lifted the price target on HOOD to $24 from $14. Due to improvements in operating efficiency, organic cost cuts, and product offerings, BofA now applies a 15x EBITDA multiple, which is near the low end of the range that Interactive Brokers  and Charles Schwab  trade at, he noted. While regulators may bring action against Robinhood  for its crypto practices, the company's conservative crypto offering leads Siegenthaler to be less concerned abo","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861217088.USD":"贝莱德金融科技A2","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4588":"碎股","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","SCHW":"嘉信理财","BK4589":"SVB概念","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0971096721.USD":"富达环球金融服务 A","BK4547":"WSB热门概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","HOOD":"Robinhood","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4127":"投资银行业与经纪业","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","IBKR":"盈透证券","BK4539":"次新股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999001077.SGD":"United International Growth Fund SGD","BK4585":"ETF&股票定投概念","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD"},"translate_title":"Robinhood在美国银行获得双倍评级，零售参与度上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCHW":1,"HOOD":1,"IBKR":1},"content_text":"Robinhood Markets (NASDAQ:HOOD) stock climbed 4.9% in Friday premarket trading after Bank of America Securities bumped up its rating on the stock and crypto trading app to Buy from Underperform, a rare double-upgrade. \"We view the current entry point as the opposite of 2021 when we initiated at Underperform after its IPO given: (1) rising retail engagement and accelerating organic growth; (2) positive operating leverage after large expense reductions; (3) attractive valuation following increases in EBITDA/EPS,\" analyst Craig Siegenthaler wrote in a note to clients.  He lifted the price target on HOOD to $24 from $14. Due to improvements in operating efficiency, organic cost cuts, and product offerings, BofA now applies a 15x EBITDA multiple, which is near the low end of the range that Interactive Brokers (IBKR) and Charles Schwab (SCHW) trade at, he noted. While regulators may bring action against Robinhood (HOOD) for its crypto practices, the company's conservative crypto offering leads Siegenthaler to be less concerned about the potential outcome. BofA's Buy rating on HOOD contrasts with the SA Quant rating and the average Wall Street rating, both at Hold, and aligns with the average SA Analyst rating of Buy.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436398911"}