10 Hottest Large-Cap Stocks to Buy Now

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​1. Robinhood Markets, Inc. (NASDAQ:HOOD)

Market Capitalization: $123.49 Billion

6-Month Performance: 214.82%

Number of Hedge Fund Holders: 85

​Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the Hottest Large-Cap Stocks to Buy Now. On October 9, Devin Ryan from Citizen JMP raised the firm’s price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $130 to $170, while keeping an Outperform rating on the stock.

The analyst in his research note highlighted that the capital markets and financial technology stocks have surged more than 30% to 50% since the April lows. This is because the market activity has rebounded, along with robust institutional trading and strong flows in wealth management.

​The analyst acknowledged that the valuations are stretched, with several subsectors at multi-year highs. In addition, Ryan expects performance dispersion, thereby suggesting the importance of selectivity. Despite this, he believes some names in the industry present attractive opportunities.

​Robinhood Markets, Inc. (NASDAQ:HOOD) provides a technology-driven financial services platform offering commission-free trading of stocks, options, ETFs, and cryptocurrencies.

While we acknowledge the potential of HOOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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