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Yahoo
2 hours ago
- Yahoo
Why Robinhood Stock Is Soaring: A Buying Opportunity?
Robinhood Markets, Inc. HOOD stock surged 12.8% on Monday after launching new crypto offerings for European and U.S. users. The trading platform's shares have now spiked more than 300% in the past year, raising thoughts of a buying opportunity. Let's find out – Robinhood aims to become a comprehensive financial services company, not just a hub for meme stock traders. Crypto is expected to play a key role in achieving this goal. Robinhood is adding more than 200 U.S. stocks and ETF tokens, including Apple Inc. AAPL and NVIDIA Corporation NVDA, to its platform in the EU to give European users access to American equities. Tokenized stocks, popular among crypto enthusiasts, mimic underlying equities but utilize blockchain technology instead of traditional exchanges. Additionally, EU customers will have access to crypto perpetual futures for leveraged exposure to volatile assets. The company plans to introduce this product in the United States if crypto futures receive approval from the CFTC. Robinhood also launched crypto staking for U.S. users to expand its offerings and compete with crypto-native exchanges, such as Coinbase Global, Inc. COIN. This feature will also be available to customers in the EU and the European Economic Area. Driven by these developments, Robinhood's shares have risen. To tap into the booming cryptocurrency market, Robinhood acquired a cryptocurrency exchange, Bitstamp, for $200 million. This has enabled Robinhood to combine its cryptocurrency, options, and equities trading capabilities, establishing its status as an innovator in the finance field, which will boost the company's future valuations. Additionally, trade tariffs led to increased volatility in the S&P 500, causing a rise in trading activity. These higher trading volumes improved Robinhood's first-quarter results, with revenues jumping 50% year over year to $927 million and earnings per share reaching 37 cents, up 106% year over year. The company's management also announced that they have seen strong customer engagement in the second quarter. Increased customer engagement, Bitstamp acquisition, tokenized trading launch in the EU, and expanded crypto offerings are acting as tailwinds for Robinhood stock. In reality, Robinhood has a higher net profit margin of 48.8% than the Financial - Investment Bank industry's 16.1%, indicating strong growth potential. Image Source: Zacks Investment Research Shares of Robinhood are currently trading above both the short-term 50-day moving average (DMA) and the long-term 200 DMA, further indicating a positive trend. Therefore, stakeholders are advised to retain their shares. Image Source: Zacks Investment Research Robinhood, however, is currently trading at a fairly hefty valuation. Per the price-to-earnings (P/E) ratio, Robinhood trades at 76.12 times forward earnings, while the industry's forward earnings multiple is 15.44. So, new buyers should be cautious because any lack of growth could lead to a major correction in Robinhood stock. Image Source: Zacks Investment Research For now, Robinhood stock has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Analysts reboot Robinhood stock price target after crypto event
Analysts reboot Robinhood stock price target after crypto event originally appeared on TheStreet. In Cannes, they like to say 'qui li ven li vieù'--"Whoever goes there, lives there." The people at Robinhood Markets () were sure feeling at home at the resort town on the French Riviera, site of the famous international film festival. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The Menlo Park, California-based financial services company made a series of announcements at its "To Catch a Token" event on June 30. 'Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system,' Robinhood Chairman and CEO Vlad Tenev said in a statement. Among other things, Robinhood unveiled the launch of more than 200 tokenized U.S. stocks and exchange-traded funds (ETFs) to its customers in the European Union. Tokenization of stocks refers to the process of digitally representing stocks as tradable tokens on a blockchain in order to offer fractional ownership of those stocks to potential investors. "With tokenized stocks, our European app transitions from being a crypto-only app to an all-in-one investment app powered by crypto," Robinhood said. The exchange also announced the launch of crypto perpetual futures, offering up to 3x leverage to eligible EU customers. Perpetual-style futures are like standard futures derivatives except that they don't expire at a certain fixed date. Robinhood will also provide crypto staking to U.S. customers, beginning with Ethereum and Solana. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time) Veteran portfolio manager raises eyebrows with latest Meta Platforms move Google plans major AI shift after Meta's surprising $14 billion move Crypto staking involves locking up cryptocurrency holdings to participate in Proof-of-Stake (PoS) blockchains and earn rewards. Robinhood launched cryptocurrency trading in February 2018 and it has become a large part of the company's makeup, with crypto revenue accounting for over 43% of its transaction revenue in the first quarter. "Crypto was built by engineers for engineers, and has not been accessible to most people,' said Johann Kerbrat, general manager and senior vice president of Robinhood Crypto. 'We're onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.' Cryptocurrency adoption has surged in 2025, driven by both institutional and grassroots participation across diverse economies, according to the Global Crypto Adoption Report. "While high-income countries focus on regulatory frameworks and investment products, lower- and middle-income nations lead in real-world crypto use for remittances, inflation hedging, and payments," the study said. Global crypto users projected to surpass 950 million by year-end, the report said. Robinhood's stock reached an all-time high on the day of the event. The company's shares are up 154% since January and the stock has skyrocketed an eye-popping 315% from a year ago. Investment firms issued research reports following Robinhood's crypto event. KeyBanc raised the firm's price target on Robinhood to $110 from $60 and kept an overweight rating on the shares. Robinhood showcased continued product velocity and increased product breadth/depth at its first ever crypto user event, the firm notable from the event, KeyBanc said, was the introduction of tokenized U.S. equities for Robinhood users in the EU and expanded crypto trading coverage from a geographic standpoint and from a product standpoint. These announcements, along with others from the event, not only reinforce first-rate innovation, but TAM expansion for the company, KeyBanc said. Barclays analyst Benjamin Budish said the U.S. stock tokens for EU customers was "interesting" as this allows Robinhood to immediately roll out U.S. stock trading across the European Economic Area, an agreement that extends the EU's single market to some countries that are not EU members. While many of these offerings were generally expected, what stood out to Budish was Robinhood's relentless focus on the user experience, product velocity, and low cost, which, he said, were very much on display. Barclays has an overweight rating and $57 price target on the stock. Bank of America Securities raised the firm's price target on Robinhood to $95 from $65 and kept a buy rating on the shares. The firm increased earnings estimates through 2027 as well as the stock's multiple to 40-times from 30-times. The higher earnings estimates, forward growth forecast and multiple are driven by an improved regulatory outlook for digital assets, the firm said. BofA said there are separate pieces of stablecoin legislation in each house of Congress, and the passage of a unified bill is likely to occur within weeks. The firm said that it is now more optimistic on the near-term regulatory outlook, which BofA believes will help broaden investor participation in digital assets and support engagement among existing reboot Robinhood stock price target after crypto event first appeared on TheStreet on Jul 1, 2025 This story was originally reported by TheStreet on Jul 1, 2025, where it first appeared.
Miami Herald
2 hours ago
- Miami Herald
Donald Trump Vowed 90 Deals in 90 Days. He's Only Made One
With only days remaining before the 90-day pause on President Donald Trump's Liberation Day tariffs expires, the administration has yet to unveil even a fraction of the trade deals that were promised at the outset. Members of his cabinet initially aimed to secure "90 deals in 90 days," but are now poised to fall short of this goal, having only secured one bona fide deal, a single set of preliminary agreements, while hinting that a handful more are on their way. On April 2, the president put markets into a tailspin and the United States' trading partners on notice by announcing country-specific "reciprocal" tariffs on nations accused of taking advantage of America to the tune of billions of dollars. When these were paused only a week later, the administration stated that countries would now have the opportunity to approach the U.S. with more favorable terms and strike deals to permanently reduce these high duties. Treasury Secretary Scott Bessent said early on that "more than 75" nations had approached the administration to this end, later stating that negotiations would focus on "18 important trading partners." But so far, the United Kingdom is the only country to cement a deal with the U.S.—heralded as "historic" by both leaders—under which its goods will be subject to a 10 percent tariff when entering the U.S., with 100,000 British cars per year tariffed at this rate rather than the 25 percent duty on cars announced by Trump in April. The U.S. and China have also agreed on preliminary trade terms and a framework for further negotiations. While details are scarce, Bessent said that this will likely mean easier access to Chinese magnets and rare earth minerals. India is also close to striking a deal that could bring down the 26-percent duties imposed on it in April, according to officials from both countries. In a recent interview with Newsweek, External Affairs Minister Subrahmanyam Jaishankar expressed optimism that an agreement could soon be reached. President Trump told reporters aboard Air Force One on Tuesday that, should India grant American firms greater access to its markets, the country would secure a deal "for much less tariffs." However, far from new, mutually advantageous trading terms, snags in negotiations have also seen certain countries facing even harsher trading restrictions than before the pause. After criticizing Japan's reluctance to accept U.S. rice exports, which Tokyo considers a threat to its agricultural sector, Trump said he was considering imposing a tariff of "30 percent of 35 percent" on Japan's imports if a deal is not struck before next week's deadline, well above the original, 24-percent reciprocal rate. "I'm not sure we're going to make a deal. I doubt it," Trump said of Japan on Tuesday, while calling the country "very tough" and "very spoiled." Ryan Young, a senior economist at the Competitive Enterprise Institute, told Newsweek that the conspicuous lack of new deals may stem from an international guessing game, and countries' inability to know what the Trump administration is seeking from negotiations, whether support for U.S. manufacturing, action on drug trafficking, or simply a reduction in bilateral trade deficits. "With that kind of policy incoherence, trading partners might feel that their best option is to wait out Trump's term and put up with a few years of their companies exporting less to Americans," Young said. "Then they can negotiate with a more stable future administration." With dozens of agreements still in their early stages and the deadline fast approaching, the administration has also begun providing differing views on both what will be achieved by July 9 and how trade policy will evolve beyond this date. As these questions began to emerge in late April, Trump told Time magazine he had made "200 deals," without clarifying who they were with. However, last week the president acknowledged the difficulty of cementing deals with so many countries in such a short time frame, when such negotiations typically span months or years. "You know, we have 200 countries—you could say 200 countries plus," Trump told reporters on June 27. "We can't do that. So at a certain point, over the next week and a half or so, or maybe before, we're going to send out a letter. We talked to many of the countries, and we're just going to tell them what they have to pay to do business in the United States." A day earlier, White House press secretary Karoline Leavitt described the July 9 deadline as "not critical," adding that the president could extend this if he wishes, or simply "provide these countries with a deal if they refuse to make us one by the deadline." Leavitt said this would involve Trump "pick[ing] a reciprocal tariff rate that he believes is advantageous for the United States." "I'm going to send letters. That's the end of the trade deal," Trump told Fox News on Sunday, when asked what would happen before the 90 days were up. "Dear Mr. Japan, here's the story: You're going to pay a 25 percent tariff on your cars." In May, Bessent said that countries which failed to reach a deal with the U.S. would see tariffs revert to their Liberation Day rates, telling CNN, "If you do not negotiate in good faith, you will ratchet back up to your April 2 level." However, earlier this month, Bessent told the House Ways and Means Committee that those countries that are negotiating in "good faith" would likely be able to continue negotiations past the July 9 deadline without their tariff rates reverting to those announced on Liberation Day. Both Bessent and Trump have framed the impending deadline as not set in stone. The president told reporters last week that "We can do whatever we want. We could extend it, we could make it shorter." In an interview with Fox News, Bessent said that the majority of America's critical trade deals would be inked by Labor Day, September 1. Young believes the deadline will be pushed back for the majority of trading partners for two main reasons. "One, negotiating trade agreements are taking longer than the administration expected. Policy is complicated, and you can't just bulldoze through it," he told Newsweek, comparing the hyperbolic promises of dozens of trade deals to those regarding DOGE's cost-cutting abilities, or Trump's campaign pledge of a 24-hour solution to the Russia-Ukraine conflict. "Two, financial markets will revolt if they expect Trump to go through with his full Liberation Day tariffs," he said. For those countries that can secure a deal, either before next Monday or beyond this point, Young believes these will likely resemble that announced with the U.K., a 10-percent baseline rate, with a few specific exemptions. "The bottom line result will be higher tariffs than before Trump took office," he added. Related Articles Colombian Ambassador: When Alliances Matter Most, Look South: Colombia and the US-Partners Against Transnational Crime | OpinionZohran Mamdani Responds to Donald Trump Deportation ThreatIran Ready to Enrich Uranium Up to Bomb-Grade Levels: "We Can Do That"No Tax on Tips Passes in Trump's Big Beautiful Bill: What to Know 2025 NEWSWEEK DIGITAL LLC.
