Cathie Wood recommends Coinbase, Robinhood, and Tesla for potential growth

From Nasdaq: 2024-04-05 05:50:00

1. Cathie Wood of ARK Invest focuses on disruptive companies. Coinbase, ARK’s top holding, diversifies with crypto, now with less reliance on transaction fees. Coinbase’s international expansion and diverse revenue model make it appealing for investors seeking potential amidst crypto momentum.

2. Robinhood expands beyond investing, offering IRAs and savings. Despite fewer users, assets under custody are at all-time highs. Robinhood’s diverse product lineup and simple app attract younger investors, positioning it well for long-term growth and profitability.

3. Tesla faces challenges in the EV market, but Wood remains optimistic about its future. Wood sees potential in AI, robotics, and robo-taxis, projecting Tesla’s stock to reach $2,000 per share. Tesla’s progress in autonomous driving could revolutionize transportation and generate significant revenue by 2030.

Read more at Nasdaq: 3 No-Brainer Cathie Wood Stocks to Buy Right Now