13 Best Booming Stocks to Buy Now

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3. Robinhood Markets, Inc. (NASDAQ:HOOD)

YTD Returns: 139.71%

Robinhood Markets, Inc. (NASDAQ:HOOD) is among the 13 Best Booming Stocks to Buy Now. On July 7, Citigroup doubled the stock’s price target to $100 from $50 while maintaining a Neutral rating for its shares.

Despite the stock returning nearly 140% this year and more than 300% in the past year, the bank’s analysts retained their earlier outlook for Robinhood Markets, Inc. (NASDAQ:HOOD). Here is what they had to say about the update:

“After the recent performance and with the stock currently trading at 62x/48x our 2026/2027 EPS, we believe much of the growth potential is already priced in.”

On the same day, analysts at Goldman Sachs reiterated their Buy rating for the stock, while lifting its price target for HOOD to $104 from $91.

Robinhood Markets, Inc. (NASDAQ:HOOD)’s surge over the past 12 months has driven investor interest and also shifted opinion among several stock watchers on Wall Street.

The company’s shares hit the $100 mark for the first time earlier this month, amid renewed investor confidence after it unveiled an ambitious expansion in the cryptocurrency space with the introduction of tokenized U.S. stocks and ETFs for EU investors and debuting staking for Ethereum and Solana in the U.S.

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