Robinhood’s (NASDAQ: HOOD) stock has surged over 350% in the past year due to rising stock and crypto prices, attracting retail investors back to its platform. Despite this, investing in Robinhood before its July 30 earnings report could be worthwhile. The company’s rapid expansion from 2020 to 2024 saw a 32.5% revenue growth, with funded customers increasing from 12.5 million to 25.2 million. Robinhood’s ecosystem is expanding with more fintech services, and its improving margins suggest future growth. With a reasonable valuation relative to its growth, Robinhood could be a solid investment option for the future.
Read more at Nasdaq: Here’s Why Robinhood Stock Is a Buy Before July 30