Is Robinhood Stock a Buy Above $100?

Robinhood (Hood) gather this year, where it has received approximately 185 % a year until now, with the majority of its gains in the past three months, with shares increased by 165 % in that period. The arrow set a series of its highest levels ever, as it tops $ 113 on July 18 before cooling for trading near $ 104 on July 21.

Investors should notice that this is the first time that the stock has collapsed through the $ 100 threshold.

Robinhood recorded the results of the first quarter on April 30, as it was $ 0.37 for per average share for analysts estimated $ 0.33 per share. In revenues during the quarter of $ 927 million, overcoming the estimates of Wall Street, 915.7 million dollars, while registering 50 % of the same quarter of last year.

Of this total, transaction -based revenues amounted to $ 583 million, an increase of 77 %. The net interest revenue grew by 14 % on an annual basis to $ 290 million.

Robinhood reported amending profits before benefits, taxes, depreciation, and consumption of $ 470 million, and the estimation of analysts of $ 490.5 million, while the margin reached 51 %, an increase of 40 % in the last period.

RobinHood customers, funded by a 1.9 million annual basis to 25.8 million. The average revenue for each user (ARPU) gathered by 39 % to $ 145. Gold subscribers doubled from 1.7 million to 3.2 million.

In general, the company ended the quarter with a cash balance of $ 4.4 billion.

Although it is repeatedly excluded from its inclusion in the shiny S&P 500 ($ SpX), Robinhood shares reach the highest level ever.

This increase comes at a time when the company reveals an ambitious expansion in Europe, including private investments in famous companies such as Openai and Spacex. This provides new limits for retail investors looking to enter into unlike companies.

“This presentation and these multi -purpose products are clear. It is clear that the first purpose is to provide great products to users, but I think the second purpose is to show only how wonderful the technology of encryption and traditional financial services is completely.” CNBC In an interview.

RobinHood shares on positive investor feelings with the “Moderate Buy” classification from Wall Street alongside the mid -price goal of $ 89.89, indicating 14 % side capabilities of the current market. The arrow was reviewed by 21 analysts while receiving 12 “strong purchase” assessments, two “moderate purchase” categories, six “suspension” categories, and one “strong sale” classification.