Robinhood (HOOD) Reports July 2024 Operating Data

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Go back to Robinhood (HOOD) Reports July 2024 Operating Data

Robinhood shares rise on July metrics data, Deutsche Bank upgrade

August 15, 2024 8:57 AM EDT

Robinhood (NASDAQ: HOOD) saw its shares rise more than 3% on Wednesday following the release of robust July operating metrics and a notable upgrade from Deutsche Bank.

The fintech firm reported a steady increase in key performance indicators, including a 3% month-over-month rise in assets under custody (AUC) to $144.5 billion and a 21% jump in equity notional trading... More

Deutsche Bank Upgrades Robinhood Markets (HOOD) to Buy

August 15, 2024 4:53 AM EDT

Deutsche Bank analyst Brian Bedell upgraded Robinhood Markets (NASDAQ: HOOD) from Buy to Buy with a price target of $24.00 (from $21.00).

The analyst comments "We view HOOD's growth potential as being exceptionally attractive, with the founders and mgmt. team not only pioneering simple brokerage trading, but also positioning the company to leverage its... More