Robinhood Markets, Inc. (HOOD) stock soared to all-time highs in October, positioning itself as a diversified digital brokerage powerhouse. Despite a 50% drop from its peak, HOOD has surged 650% in the past two years, outperforming Nvidia and other AI stocks. The company offers 11 business lines with over $100 million in annual revenues each.

HOOD is approaching attractive technical levels for investors ahead of its Q4 earnings release. The stock has an average Zacks price target offering 86% upside from current levels. It is now an S&P 500 member and continues to grow its portfolio and user base in various financial services.

In Q3, HOOD reported 11 business lines generating over $100 million in annual revenues each. Gold Subscribers increased by 77% YoY, and total investment accounts grew by 11%. Average revenue per user in Q3 rose 82% to $191, contributing to a 100% YoY jump in total quarterly sales and a 259% increase in earnings per share.

Robinhood is projected to grow its adjusted EPS by 85% in 2025 and 23% in FY26. Its earnings outlook has increased by 63% since last summer, supported by 53% revenue growth in 2025 and 22% in 2026. The stock is trading at a 60% discount to its highs, presenting a potential buying opportunity.

Zacks’ Research Chief highlights a little-known satellite-based communications firm as the top stock most likely to double. With a growing customer base and a projected revenue breakout in 2025, this stock could see significant gains. Analysts forecast a trillion-dollar industry in space, making this pick a potential winner.

Read more at Nasdaq: Best Stocks to Buy in the Selloff: Buy HOOD Down 50% Before Earnings?