
Robinhood Markets Inc. ($HOOD) has announced its upcoming 'Hood Week,' scheduled from October 16 to 27, 2024, during which the company plans to offer various bonuses for deposits into the platform. The announcement coincides with the company's significant milestone of reaching $10 billion in assets under custody (AUC) across nearly one million funded retirement accounts, a substantial increase from $1.5 billion in January 2024, marking a growth of 600% within nine months. During Hood Week, Robinhood will provide a 2% bonus on brokerage transfers of $10,000 or more. This means that a transfer of $350,000 could yield a bonus of $7,000. Additionally, Bernstein has maintained an 'Outperform' rating on Robinhood with a price target of $30, citing a recent stock increase of approximately 30% over the past month and 100% year-to-date. The firm attributes this resurgence to changing market conditions and investor focus on the company's growth potential.





