This Unstoppable Stock Has 150% Upside, According to a Select Wall Street Firm -- but I'm Not Buying It
The financial markets had a spectacular year in 2024. Every major U.S. stock index soared to an all-time high, and even the total value of the cryptocurrency market set a new record of $3.9 trillion. Robinhood Markets (NASDAQ: HOOD) cashed in on the euphoria as trading activity surged across the board on its investing platform throughout the year.As a result, Robinhood stock is up by a whopping 115% over the past 12 months, and Wall Street is growing increasingly bullish on the company's prospects. The Wall Street Journal tracks 21 analysts who cover the stock, and the majority have assigned it the highest possible buy rating, with none recommending to sell. One prominent Wall Street firm, Bernstein, even thinks the stock could soar by another 150% from its current price. Here's why I'm skeptical. Continue reading
The financial markets had a spectacular year in 2024. Every major U.S. stock index soared to an all-time high, and even the total value of the cryptocurrency market set a new record of $3.9 trillion. Robinhood Markets (NASDAQ: HOOD) cashed in on the euphoria as trading activity surged across the board on its investing platform throughout the year.
As a result, Robinhood stock is up by a whopping 115% over the past 12 months, and Wall Street is growing increasingly bullish on the company's prospects. The Wall Street Journal tracks 21 analysts who cover the stock, and the majority have assigned it the highest possible buy rating, with none recommending to sell.
One prominent Wall Street firm, Bernstein, even thinks the stock could soar by another 150% from its current price. Here's why I'm skeptical.
