After a choppy first day of trading, Robinhood (NASDAQ: HOOD) has surged in value by 35% in recent days, with Wednesday set to be another day of growth for the online broker.
After its tricky IPO less than a week ago, Robinhood has been quietly but assuredly climbing its way back up the growth ladder towards its originally targeted valuation.
If you are thinking about investing in Robinhood stock after this progress, this article helps you make an informed decision. Read on to discover everything you need to know about the company and what our Robinhood price forecast is for the next year.
Before we jump into these details, feel free to check out the section directly below, which contains our list of the best places to buy Robinhood shares in the UK and worldwide.
How & where to buy Robinhood stock online
To buy HOOD stock, simply click on one of the links below, sign up, deposit funds into your new account and purchase the number of HOOD shares you want to own.
These are the two best platforms to buy, sell and trade Robinhood stock right now thanks to their low fees and all-around ease of use:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What is Robinhood?
It is an American financial services company that was founded in April 2013 and is based in California.
Via the Robinhood app, which launched in 2015, users can invest in stocks, ETFs, options, gold and other commodities, and even cryptocurrencies, all on a zero-commission basis.
Having weathered the initial PR storm created by a string of trading-halt controversies that date back to the start of the year, Robinhood now appears to have established a trajectory of strong growth.
Should I buy HOOD stock today?
If you believe Robinhood is now a stock that is on the up, and that it will continue in that direction in the coming months and years, buying shares now to speculate on their future value could be a good move.
However, financial stocks are cyclical, so be sure to keep an eye on the border market and general economic conditions.
Robinhood price target 2021
Our 12-month $HOOD price target is as follows: $65 per share.