2024-05-14 14:13:46 ET
Summary
- Robinhood Markets, Inc. stock sold off after reporting Q1 earnings, but there is nothing particularly bad in the earnings and plenty to be excited about.
- The company is expanding its market share, increasing profitability, and has untapped markets it can tackle.
- Despite conservative analyst estimates, the stock has a compelling technical setup and potential for earnings growth in the next 5 years.
Thesis Summary
Robinhood Markets, Inc. ( HOOD ) has rallied strongly since hitting a low, but the stock sold off after reporting Q1 earnings .
I see this as just some short-term volatility, with nothing particularly bad in the earnings, and plenty to be excited about....
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For further details see:
Robinhood: Untapped Potential, I'm Doubling Down