Strong price performance for Robinhood and Coinbase due to positive earnings estimate revisions, rated as Zacks Rank #1.

From Nasdaq

February 28, 2025 10:39:00 am:

Robinhood Markets (HOOD) and Coinbase Global (COIN) have experienced recent market volatility but have shown strong price performance due to positive earnings estimate revisions. HOOD’s stock hit a 52-week high of $66, while COIN shares climbed over $300. Both stocks have outperformed broader indexes with gains of over +400% and +200%, respectively.

EPS estimates for Robinhood and Coinbase have been trending higher, with FY25 EPS estimates for Robinhood spiking 28% in the last 30 days. Meanwhile, FY25 EPS estimates for Coinbase have soared 110% in the same period. Both companies are starting to trade at reasonable P/E valuations, offering potential for growth.

Despite recent market volatility, Robinhood and Coinbase are rated as Zacks Rank #1 (Strong Buy) stocks. With positive EPS revisions and reasonable valuations, both companies present as buy-the-dip targets. This suggests that the recent pullback in these popular stocks may have been a healthy correction.

Read more at Nasdaq: Zacks Investment Ideas feature highlights: Robinhood Markets and Coinbase Global