Reported 1 day ago
JP Morgan analyst Ken Worthington has upgraded Robinhood's stock rating to Neutral from Underweight after a significant 260% increase over the past year. This shift reflects Robinhood's successful transition from meme-stock trading to a more diversified business model, including new product developments such as futures trading and a newly launched credit card. With strong revenue growth and a positive market outlook, Robinhood is positioning itself for continued expansion and profitability.
Source: YAHOO