Prediction: Robinhood Will Be Worth More Than Charles Schwab by 2030

Robinhood Markets (NASDAQ: HOOD) has grown beyond its early reputation for being the brokerage preferred by meme traders and retail speculators. Since its July 2021 IPO, it has become a major financial services company with millions of customers, offering differentiators beyond just its original gimmick of commission-free stock trading.As a result, Robinhood Markets has become a very valuable company and was added to the S&P 500 in September 3035. Its $130 billion market cap is just $39 billion below that of Charles Schwab (NYSE: SCHW), one of the largest publicly traded brokerage companies, with a market cap of around $169 billion.Sooner than you think, Robinhood could eclipse this "old school" competitor in terms of valuation. However, that may not necessarily mean that shares are a buy at current prices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool