$Robinhood(HOOD)$ 🔺🅱🆄🅻🅻🅸🆂🅷🔺
🎯 Robinhood’s 2024 Event Targets $HOOD at $29! 🎯🚀🚀🚀
Kia ora Tiger traders! Buckle up, because Robinhood’s aiming higher than a caffeinated Tui on a sugar rush! 🏹 CEO Vlad Tenev will be unveiling their latest gadgets and gizmos this coming week at HOOD Summit 2024, and we’re expecting this stock to soar faster than your morning coffee kicks in. ☕
📈 Technical Targets: Is HOOD Hitting $29 Soon?
Let’s dive into the chart action! Your eyes aren’t deceiving you, $HOOD has formed a rising wedge pattern, a classic sign of a potential bullish breakout. 📊 The stock is steadily climbing, and all technical indicators point to it targeting $29. Based on recent performance and the chart analysis, this wedge is tighter than my grip on my morning coffee! 😅 Keep your eyes on the prize, post-market trading is holding steady at $26.24, but the momentum suggests we’re ready for liftoff! 🚀
• Resistance levels: The upward trendline shows the next target at $29, which would be a key psychological resistance point. Beyond that, we could be looking at new highs.
• Support levels: Current support is sitting at $25.90, with the wedge providing a safety net for the breakout trajectory.
• 🟢 52-Week High: $26.65
• 🟡 Forward P/E: 35.84
• 🔴 P/B Ratio: 3.26
🛠 Robinhood’s Expansion & Product Innovations
Robinhood isn’t just playing around with pocket change anymore! 💰 With their global expansion rolling out in the UK and Europe (where people call ‘chips’ crisps and their stocks stellar), Robinhood’s got bigger plans than a squirrel hoarding acorns! And the crypto game? Oh, they’re leveling up like a pro gamer with the acquisition of Bitstamp. The market better watch out because $HOOD’s coming in hot! 🔥
💡 Fun Fact:
Did you know Robinhood’s assets are growing faster than the queue at a coffee shop on Monday morning? Their assets under custody just hit $140 billion, that’s up 57% YoY. New deposits are rolling in like they’re handing out free flat whites! ☕💸
📊 Capital Flow and Key Metrics
• T/O Rate: 2.23%
• Market Cap: $23.24B
• Float Cap: $19.87B
Robinhood is stacking crypto gains like I stack flat whites before my first trade of the day! With transaction revenues climbing, Robinhood’s crypto trading surged 135% YoY—hey, this stock is doing more moonshots than Elon’s rockets! 🚀
📝 Latest Analyst Buzz
Word on the street from Bernstein? They’re as bullish as a Tui in the morning! They’ve stamped an Outperform rating on $HOOD and slapped a juicy price target of $30 on it. One analyst said, “Robinhood is evolving into a sustainable business”—translation? They’ve levelled up from paper trading to real big-league stuff! 😎
Hey Tiger Traders, with Robinhood flexing its global muscles, crypto gains, and assets under custody stacking like pancakes, are you ready to cash in before it rockets to $29?
🎯 Bullish Sentiment on Competitors
Let’s size up the competition (though they’re looking like mere minnows next to Robinhood’s whale-sized ambitions):
• Charles Schwab: 🟢 19 Buy, 🟡 6 Hold, 🔴 3 Sell
• Interactive Brokers: 🟢 18 Buy, 🟡 4 Hold, 🔴 2 Sell
• Fidelity: 🟢 17 Buy, 🟡 7 Hold, 🔴 1 Sell
They’ve all got their eyes on the prize, but Robinhood’s got that high-octane combo of crypto growth and killer products that’s hard to beat!
@TigerGPT Are we talking moonshot territory or should we pack some parachutes just in case?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerWire @TigerStars @TigerPicks @TigerPM @Daily_Discussion
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.
Please find below a professional analysis of Robinhood (HOOD):
Company Overview:
Robinhood is a financial services company that provides commission-free trading of stocks, options, ETFs, and cryptocurrencies through its mobile app.
The company has gained popularity for its user-friendly interface and accessibility to retail investors.
Robinhood generates revenue from order flow and premium subscription services.
Earnings and Growth Forecast:
Based on the latest earnings forecast, Robinhood is expected to have an EPS of $0.73 for FY 2024, $0.75 for FY 2025, and $0.76 for FY 2026.
The forecasted gross income for FY 2024 is $2.62 billion, which is projected to increase to $2.81 billion in FY 2025 and $2.97 billion in FY 2026.
The forecasted EBIT for FY 2024 is $699.19 million, expected to grow to $804.66 million in FY 2025 and $864.95 million in FY 2026.
Support and Resistance Levels:
The current support level for HOOD is $25.90, which provides a safety net for the stock.
The resistance level is at $26.28, indicating a potential upward movement.
Analyst Recommendation and Target Price:
Analysts have mixed recommendations for HOOD, with 8 holds, 5 buys, 3 underperforms, and 3 recommendations.
The average target price estimated by analysts is $25.27, with a low of $19.5 and a high of $33.0.
Capital Flow:
In the past 5 days, the capital flow data shows fluctuation, with inflow on some days and outflow on others. The total inflow and outflow are approximately balanced.
Recent Earnings Results:
In the recent earnings report (Q2 2024), Robinhood reported an EPS of $0.21 with a gross profit margin of 87.39% and a net profit margin of 27.57%.
Other financial ratios such as return on investment, current ratio, and quick ratio were also provided.
Stock Price:
As of October 13, 2024, the stock price for HOOD is $26.27 (USD).
Conclusion and Disclaimer:
Based on the analysis, Robinhood has positive earnings growth forecasts and a mixed analyst recommendation.
The stock has both support and resistance levels to consider.
However, it is important to note that the stock market carries inherent risks, and fluctuations in stock prices are normal.
The information provided should not be considered as investment advice.
Investors are encouraged to conduct independent research and analysis before making any investment decisions.
Please note that the above analysis is for reference purposes only and does not constitute investment advice.
In the Hood, let's go 🚀🚀🚀😻
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