2024-04-15 11:27:07 ET
Summary
- Robinhood Securities has experienced a strong rebound in 2024, benefiting from a booming stock market and attracting new deposits.
- The company's expansion plans, including the launch of a Robinhood branded credit card and international expansion, contribute to its bullish outlook.
- Robinhood's profitability, disciplined approach to expenses, and multiple paths to monetization make it an attractive investment option.
Benefiting from a roaring stock market this year, Robinhood Markets, Inc. ( HOOD ) has been one of the biggest rebound stocks of 2024. The tech-oriented stock brokerage has enjoyed a steady stream of new deposits as well as stock price appreciation in sending its assets under custody to record highs, making this relative newcomer a true force in the competitive brokerage industry....
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Robinhood: Never Fear Market Volatility, This Company Will Stand To Gain