From Zacks Investment Research: 2025-06-03 12:20:00

Robinhood Markets, Inc. (HOOD) stock hit a 52-week high of $68.20, rising 47.1% in three months, outperforming industry peers. The company reported strong crypto revenues, with a five-year CAGR of 140.3%. HOOD has $4.4B in cash and plans for $1.5B in buybacks to offset costs and regulatory challenges. The company is focusing on diversification efforts, including acquiring Bitstamp and WonderFi to enhance its crypto offerings. Robinhood is expanding its product offerings to attract younger investors and recently launched a prediction markets hub. The company has announced a share buyback plan worth $500 million, with $921 million remaining for repurchase. Analysts are bullish on HOOD stock, with earnings estimates on the rise for 2025 and 2026. However, regulatory headwinds and rising expenses are concerns for investors. Robinhood is a cautious bet for investors, with a Zacks Rank of #3 (Hold).



Read more at Zacks Investment Research: Robinhood Markets Hits 52-Week High: Should You Buy the Stock Now? – June 3, 2025