Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 3.1% in the morning session after the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed.
Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy.
XRP’s price is currently just 3.3% below its peak of $3.40 seen earlier this year. Ethereum’s price jumped 9% in the last 24 hours, nearly just below the $3,500 threshold.
JPMorgan Chase & Co's (NYSE: JPM) plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 4.3% in the afternoon session after an analyst at Piper Sandler significantly raised their price target on the stock. The investment firm boosted its price target on the online brokerage to $110 from $70, while maintaining an "overweight" rating on the shares. This move signals strong confidence from the analyst in the company's future performance.
Vlad Tenev, the CEO of Robinhood Markets Inc. (NASDAQ: HOOD), is defending his company's bold move to give retail investors exposure to shares in high-profile private companies such as SpaceX and OpenAI, without seeking their permission.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Renowned TV host Jim Cramer is stirring chatter on X with another buzzworthy "meme stock" acronym, aimed at a new group of retail-favorite stocks that are defying gravity.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 3.2% in the morning session after JMP Securities significantly raised its price target on the financial services company. The investment firm boosted its price target to $125 from $70, representing a nearly 79% increase, while maintaining a "Market Outperform" rating on the stock. This move signals strong confidence from the analyst in the company's future performance and growth potential. The bullish sentiment from JMP Securities adds to a series of recent price target upgrades from other Wall Street firms, including Goldman Sachs and Cantor Fitzgerald, reflecting growing optimism around Robinhood's strategic initiatives. Analysts have pointed to the company's expansion into new products and its international growth, particularly the recent introduction of tokenized U.S. stocks for users in the European Union, as key drivers for future revenue.
Several Bitcoin (CRYPTO: BTC)-associated companies saw their shares rise in overnight trading Monday, as the apex digital asset continued its record-breaking bull run.
