Is Robinhood Markets Stock a Buy Now?

Robinhood Markets (NASDAQ: HOOD) has staged an impressive comeback, with its stock soaring approximately 230% to $40 per share over the past year. Founded just 11 years ago, this online brokerage reshaped the financial landscape by introducing commission-free trading for stocks, ETFs, and options, forcing traditional players to adapt.However, its journey in the public markets has been anything but smooth. After debuting in 2021 at $38 per share, the stock tumbled to an all-time low of $6.81 within a year, reflecting doubts about its staying power. With the recent surge in its share price, the question now is whether Robinhood stock is a buy, sell, or hold.After its pandemic boom, Robinhood's 2022 revenue of $1.36 billion fell by 25% compared to 2021. Considering Robinhood's growth stock narrative, investors fled for the exits, fearing the worst.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool