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Robinhood Markets Inc. ($HOOD) is set to launch election contracts on its platform starting October 29, 2024, as part of its efforts to expand into prediction markets. Analysts from Barclays have given the stock an equal weight rating with a price target of $23, noting that the near-term profit and loss upside may be modest. Mizuho has raised its price target for Robinhood from $24 to $29, citing expectations of strong trading results driven by heightened market activity and volatility. Robinhood is scheduled to report its Q3 earnings on October 30, 2024, with estimates suggesting a potential 40% growth in revenue. The upcoming earnings report has generated speculation about the stock's performance, with some analysts expressing optimism about beating both top and bottom line expectations.
$HOOD earnings today. Will be a fun one to watch. It’s so close to my $30 pt now. I know they will beat top and bottom line. Guide up as well. Business too strong lately. So many good things going for them. But question is, will the street sell it initially anyways? I still… https://t.co/WXzU0xz7Lu
$HOOD Robinhood has their 2024 Q3 earnings tomorrow. I outlined my thoughts below on how I think the quarter went. Overall, I tried placing very conservative estimates and ended up with 40% growth. I don't know what will happen to the stock, but if I had to guess, either… https://t.co/lW2Dy6QtlJ
Dunno…launching an election prediction market a week before the elections is almost like a post hype product. Unless like Robinhood is actually betting on a Republican CFTC https://t.co/aTxOyrYgZK..