Reported about 1 year ago
Wolfe Research upgraded Robinhood Markets (HOOD) from Peer Perform to Outperform with a $29 per share price target, noting the company's strong fundamentals for growth. Managing director Steven Chubak highlighted the company's leverageable expense base and 75% incremental margins as key drivers of earnings growth. Chubak's analysis indicates significant upside potential despite the stock's already strong performance, with estimates showing 70% growth above street projections and a focus on sustainable drivers for growth, separate from short-term market trends and memes.
Source: YAHOO