Where Will Robinhood Stock Be in 5 Years?

Robinhood Markets (NASDAQ: HOOD) is now one of the largest financial services companies in the world. Saying that a decade ago would have sounded absurd. Yet, today, the discount broker focused on mobile trading has a market cap of $108 billion, closing in on rivals such as Charles Schwab and some of the large legacy banks. Its stock is up an astounding 440% in the past 12 months.With an easy-to-use application, growing features, and robust cashback offerings, Robinhood is seeing a surge in net deposits for its brokerage and financial services offerings. But what sort of opportunities does Robinhood still have left? Let's try to project where Robinhood stock will be in five years, and whether it is a buy today.If you look at Robinhood's growth in total funded customers, it may not seem like a hypergrowth company. During the 2021 stock market run, the broker peaked at in between 22 million and 23 million customers. In 2022 and 2023, its level of customers did not grow along with the bear market for stocks. Today, total customers have begun to move higher again -- hitting 26.5 million in the second quarter -- but the number isn't much higher than what it was 2021.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool