Robinhood Inc. ($HOOD) Stock Forecast: Up 5.0% Today

What is Robinhood Inc.?

Robinhood Markets Inc. (HOOD) is a financial services company known for its commission-free trading app that has gained popularity among retail investors.

Why is Robinhood Inc. going up?

HOOD stock is up 5.0% on Oct 11, 2024 13:51

• HOOD experienced a strong bullish movement today, surging 9.8%.
• The surge could be attributed to the announcement of Robinhood's first investor day scheduled for December 4, 2024, creating excitement and optimism among investors.
• Analysts are bullish on HOOD's potential for further gains, especially with the company's plans to introduce UK stock investing for British users, indicating a strategic move for international expansion.
• The positive sentiment towards HOOD might also be influenced by the overall growth prospects in the trading industry, as highlighted by the analyst's comments on the strong backdrop for retail brokers in the current volatile trading environment.

HOOD Price Chart

HOOD News

Robinhood Markets ( HOOD ) Surges 9.8%: Is This an Indication of Further Gains?

Robinhood Markets (HOOD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

https://www.zacks.com/stock/news/2347935/robinhood-markets-hood-surges-98-is-this-an-indication-of-further-gains

Robinhood Eyes Major Growth With New Trading Features, While Coinbase Rides Crypto Surge: Analyst - Robinhood Markets ( NASDAQ:HOOD ) , Coinbase Glb ( NASDAQ:COIN )

Piper Sandler analyst Patrick Moley said the volatile trading environment drives third-quarter outperformance for exchange and trading companies, leading to a strong backdrop for retail brokers. Moley maintained Robinhood Markets Inc HOOD with an Overweight rating and a $27 price target.

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41236863/robinhood-eyes-major-growth-with-new-trading-features-while-coinbase-rides-crypto-s

What's Going On With Robinhood Stock? - Robinhood Markets ( NASDAQ:HOOD )

Robinhood Markets, Inc. HOOD shares are trading higher Tuesday after the company announced the date of its first investor day after Monday's closing bell. Robinhood will hold its first investor day on Dec. 4, 2024 in New York City.

https://www.benzinga.com/news/24/10/41233588/whats-going-on-with-robinhood-stock

This Is What Whales Are Betting On Robinhood Markets - Robinhood Markets ( NASDAQ:HOOD )

Investors with a lot of money to spend have taken a bullish stance on Robinhood Markets HOOD. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/10/41232949/this-is-what-whales-are-betting-on-robinhood-markets

Robinhood Mulls Over Introducing UK Stock Investing for British Users - Citizens Financial Group ( NYSE:CFG ) , Robinhood Markets ( NASDAQ:HOOD )

Robinhood Markets Inc. HOOD plans to offer its British users the ability to invest in U.K. stocks as the company seeks growth beyond domestic markets. The company's CEO and co-founder, Vlad Tenev, mentioned this in an interview with Bloomberg on Friday.

https://www.benzinga.com/markets/equities/24/10/41210740/robinhood-mulls-over-introducing-uk-stock-investing-for-british-users

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Robinhood Inc. Price History

13.08.2024 - HOOD Stock was up 6.5%

• HOOD saw significant bullish activity in the stock market today.
• Speculation that Cathie Wood's Ark Invest purchased $6.9M in AMD shares while divesting from Palantir and HOOD may have influenced investor optimism towards HOOD.
• Technical traders may have been attracted by the golden cross signal and HOOD's surpassing of the 50-day moving average, contributing to the upward trend.
• Robinhood's favorable monthly operational statistics released after market close likely contributed to the stock's upward trajectory.

12.08.2024 - HOOD Stock was up 6.6%

• HOOD stock displayed a bullish movement today, crossing both the 20-day and 50-day moving averages, indicating positive momentum.
• Analyst upgrades from Barclays and Wolfe Research, along with the company's expansion efforts and positive monthly operating data for August, likely contributed to the stock's upward trend.
• The shift from being considered a meme stock to a more serious market contender could have also attracted investor interest and driven the bullish movement in HOOD's stock price.
• Overall, the combination of technical indicators, analyst upgrades, and positive company developments likely fueled the bullish sentiment surrounding Robinhood's stock today.

11.09.2024 - HOOD Stock was up 5.0%

• HOOD experienced a strong bullish movement today, surging 9.8%.
• The surge could be attributed to the announcement of Robinhood's first investor day scheduled for December 4, 2024, creating excitement and optimism among investors.
• Analysts are bullish on HOOD's potential for further gains, especially with the company's plans to introduce UK stock investing for British users, indicating a strategic move for international expansion.
• The positive sentiment towards HOOD might also be influenced by the overall growth prospects in the trading industry, as highlighted by the analyst's comments on the strong backdrop for retail brokers in the current volatile trading environment.

08.09.2024 - HOOD Stock was up 8.7%

• Robinhood's first investor day scheduled for December 4, 2024, in New York City has created a positive buzz among investors, resulting in an upward trend in the stock.
• Big investors showing confidence in Robinhood Markets through their trades suggest a favorable outlook for the company.
• The possibility of Robinhood expanding its services to encompass British users for investing in U.K. stocks indicates potential growth prospects, boosting investor confidence.
• Speculation about a Bitcoin surge and the potential benefits for crypto-related stocks like HOOD may be influencing the current positive momentum in Robinhood's stock.

08.09.2024 - HOOD Stock was up 11.0%

• Robinhood's bullish movement today can be attributed to the positive analyst outlook and expectations of strong growth fueled by new trading features.
• The announcement of the company's first investor day has likely generated excitement among investors, contributing to the upward momentum in the stock price.
• The bullish stance taken by whales and investors on Robinhood further reinforces market confidence in the company's future prospects.
• The potential expansion into the UK market for stock investing and the association with the crypto industry through stocks like HOOD indicate a strategic positioning for future growth, driving investor optimism and driving the bullish movement in the stock.

28.07.2024 - HOOD Stock was down 5.8%

• The bearish movement in HOOD today could be attributed to a $1 million Shiba Inu (SHIB) pullout, which might have shaken investor confidence in the platform.
• The addition of Solana (SOL) support to Robinhood's wallet could have been overshadowed by the negative sentiment surrounding the Shiba Inu pullout.
• The bullish stance taken by investors with significant capital on Robinhood Markets might not have been enough to counteract the impact of the SHIB pullout.
• The overall market trend of crypto-centric stocks like NVDA, IBKR, HOOD, and SQ gaining once the Bitcoin rally resumes could provide some hope for a potential recovery in HOOD's stock price in the future.

19.08.2024 - HOOD Stock was up 5.3%

• The bullish movement in HOOD today could be attributed to the overall positive sentiment in the fintech sector following interest rate cuts, which can benefit companies like Robinhood that aim to revolutionize financial services.
• The surge in Bitcoin prices ahead of a Fed rate cut may have also contributed to the bullish movement in HOOD, as mentioned recently by sources discussing crypto-centric stocks poised to gain.
• Despite Cathie Wood's Ark Invest offloading shares of Robinhood, the market seems to have responded positively, with HOOD closing higher at $22.07, indicating investor confidence in the company's future prospects.
• The anticipation of new trading products being introduced by Robinhood at an upcoming event on October 16, as mentioned in the invite, could have also fueled investor optimism and contributed to the bullish movement in the stock.

11.08.2024 - HOOD Stock was up 5.1%

• Robinhood's shares climbed 3.8% in regular trading, indicating positive investor sentiment towards the company.
• Analyst upgrades and positive outlooks on Robinhood's new products and global expansion have contributed to the bullish movement.
• Increased options activity and bullish approach from deep-pocketed investors also played a role in driving the stock price higher.
• Overall, the combination of favorable analyst upgrades, positive market sentiment, and increased investor interest in the company's offerings have propelled Robinhood's stock to a bullish movement today.

20.08.2024 - HOOD Stock was down 5.0%

• Despite a positive analyst forecast and price target increase, Robinhood's stock experienced a bearish movement, possibly due to other market factors overshadowing the positive news.
• The mention of lower interest rates benefiting fintech companies could have raised concerns about the impact of macroeconomic conditions on Robinhood's business model.
• The news of Cathie Wood's Ark Invest offloading Robinhood shares might have contributed to the bearish sentiment, signaling a lack of confidence from a prominent investor.
• The surge in Bitcoin and focus on crypto-centric stocks could have diverted investor attention away from Robinhood, leading to the bearish movement despite positive news within the company.

27.08.2024 - HOOD Stock was up 5.1%

• HOOD stock experienced a strong bullish movement today.
• The market sentiment towards HOOD seems positive, with financial giants making bullish bets on the company's options.
• The potential gains from the rebound in Bitcoin's price could have positively impacted HOOD's stock price, as it is one of the Bitcoin-centric stocks.
• Overall, the bullish movement in HOOD today could be attributed to the optimistic market sentiment and the influence of Bitcoin's price rebound on related stocks.

01.09.2024 - HOOD Stock was down 5.3%

• Robinhood Markets introduced crypto transfers in Europe, which was seen as a positive development. However, bearish options activity and concerns about potential interest rate cuts impacting the stock's rally likely influenced the bearish movement.
• Notable bearish options activity from well-funded investors might have negatively impacted the market sentiment towards HOOD.
• Speculations regarding interest rate cuts by the Federal Reserve could have sparked worries about Robinhood's growth prospects, prompting a sell-off of the stock.
• Despite some optimistic bets on HOOD options, the overall mood appears to have been overshadowed by bearish signs and broader market conditions, leading to a more significant drop in the stock compared to the general market performance today.

08.09.2024 - HOOD Stock was up 6.7%

• Robinhood's bullish movement today might be linked to the announcement of its plans to introduce UK stock investing for British users, showcasing the company's endeavors to broaden its market presence and foster growth beyond domestic markets.
• The expectation of potential gains from the next Bitcoin rally could also be driving investor interest in Robinhood, with mentions of 4 crypto stocks with notable upside, including HOOD.
• Furthermore, the optimistic outlook on Robinhood's history of surprising earnings and the possibility of surpassing expectations in its upcoming quarterly report could be bolstering the positive momentum in the stock today.