Key Points

  • 1. Robinhood's revolutionary Gold Card credit card, offering 3% cashback and no fees, is causing a stir in the market.
  • 2. HOOD stock is surging, hitting a two-year high and experiencing a wave of bullish momentum.
  • 3. Call traders are seizing the opportunity, driving Robinhood options volume to three times the norm.
  • 4. Analysts remain cautious, with most maintaining a "hold" or worse rating on HOOD despite its current premium price.
  • 5. Robinhood's financial performance continues to impress, with robust growth projections and an upward earnings trajectory.

Robinhood Markets Inc (NASDAQ:HOOD) shares surged today following the announcement of its revolutionary Gold Card credit card. Offering 3% cashback on all purchases and zero annual or foreign transaction fees, the card is already causing a stir in the market. Points earned can be easily converted into cash for investment purposes, adding a unique twist to traditional rewards programs.

Investors Flock to HOOD as Traders Target Calls

Trading at $19.72, HOOD stock is up 2.3%, hitting a two-year high of $20.55. Riding a wave of bullish momentum since mid-February, with a notable post-earnings rally of 14%, the stock's upward trajectory is evident. Currently on track for its tenth consecutive weekly gain, HOOD has soared 55% since the beginning of the year.

Call traders are seizing the opportunity, driving Robinhood options volume to three times the norm, with 129,000 calls traded versus 17,000 puts. The weekly 3/28 20-strike call is particularly popular, signaling widespread optimism among traders.

Analysts, however, remain cautious, with 10 out of 14 firms maintaining a "hold" or worse rating on HOOD. Despite this, the current price of $19.72 stands at a significant premium to the 12-month consensus price target of $15.88.

Robinhood's financial performance continues to impress, with robust growth projections and an upward earnings trajectory. Analysts expect earnings per share (EPS) to surge by 137.7% for the current fiscal year, driven by a revenue increase of 14.1% in the current quarter alone.

In the last reported quarter, Robinhood Markets saw a 24% year-over-year increase in revenues, beating consensus estimates by 3.12%. Additionally, the company surpassed EPS expectations by a staggering 400%.

With a unique blend of innovation and financial prowess, Robinhood is poised to reshape the landscape of the financial industry, attracting investors and traders alike.



About Robinhood Markets, Inc.


  • Ticker HOOD
  • Exchange NASDAQ
  • Sector Technology
  • Industry Software—Infrastructure
  • Shares Outstandng 835,675,008
  • Market Cap $14.3B
  • Description
  • Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of a...
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