BofA Securities analyst Craig Siegenthaler maintains $Robinhood (HOOD.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 67.4% and a total average return of 18.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Robinhood (HOOD.US)$'s main analysts recently are as follows:
Following Robinhood's initial investor day, the firm is increasing its earnings forecasts, bolstered by the company's recent international expansion, the introduction of new products for active traders, and the anticipation of new offerings in the crypto and U.S. advisory sectors.
Following an investor day, Robinhood outlined its 10-year strategic vision which focuses on establishing leadership in active trading, enhancing wallet share penetration for future generations, and securing a substantial position within the global financial arena. The company disclosed plans to speed up its product development trajectory, anticipating a broader rollout of event contracts next year, alongside expansions in futures, index options, and an advanced desktop trading platform. Additional enhancements are expected in the realms of cryptocurrency, wealth advisory, and credit services. The overview showed a promising forecast for long-term revenue and earnings growth.
During the inaugural investor day for Robinhood, the company detailed the strategic goals for the platform projecting into the next decade, also highlighting their immediate plans concerning product and geographic priorities. Although specifics on future financial metrics were somewhat vague, indications of double-digit revenue growth, expenses rising slower than revenue, and eventual double-digit EPS growth were provided, offering a flexible framework for future growth.
Note:
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