Robinhood Markets, Inc. (NASDAQ:HOOD) announced a 115% year-over-year increase in total platform assets to $343 billion, with a 3% increase in assets in October from adding 210,000 funded customers. Notional trading volumes rose 153% year-over-year to $320.1 billion. Citizens reiterated an Outperform rating and set a $180 price target.

Citizens is confident about Robinhood’s prospects amid a new CFO, highlighting the company’s operating system design and technology-driven execution. Robinhood is known for pioneering commission-free trading and shaking up the discount brokerage industry. While HOOD shows potential, other AI stocks may offer greater upside potential with less downside risk.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services company offering an investment and trading platform to make finance accessible. It has 27.1 million customers and $68.7 billion in net deposits over the past 12 months. For more investment opportunities, check out the 10 Best Mid Cap Stocks and 9 Best Gene-Editing Stocks according to Hedge Funds.

Read more at Yahoo Finance: Robinhood Markets, Inc. (HOOD) Affirms Robust Growth as Citizens Asserts Outperform Rating