Reported 3 days ago
Robinhood has seen impressive growth, with customer accounts increasing by 10% in Q2 to 26.5 million and average revenue per user climbing 34%. Despite this success and a huge stock increase over the last three years, analysts suggest caution due to the stock's high price-to-earnings ratio and signs of a slowing U.S. job market, which could impact future growth. Thus, it may be prudent for investors to reconsider purchasing Robinhood stock at this time.
Source: YAHOO