Best Stocks for Day Trading: 12 Stock Picks

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2. Robinhood Markets Inc. (NASDAQ:HOOD)

Beta: 2.4

Average Volume: 45.1 Million

Number of Hedge Fund Holders: 85

Robinhood Markets Inc. (NASDAQ:HOOD) is the best performer on our list of the best stocks for day trading. The stock has delivered exceptional gains, climbing 500% over the past year and more than 215% year-to-date.

On September 10, Mizuho’s Dan Dolev reiterated a Buy rating on Robinhood Markets Inc. (NASDAQ:HOOD) and raised his price target to $145 from $120.

The analyst stated that he has gained confidence in the company’s offerings after it showcased new features at its HOOD Summit 2025 in Las Vegas, which he believes will drive user growth and deeper engagement.

Dolev highlighted Robinhood Social as a standout addition, enabling investors to follow trades live with real-time verification, discuss various strategies, and even track portfolios of notable investors, including hedge funds and politicians.

He also mentioned improvements to the Legend trading platform, such as overnight index options and short selling, which add useful features for active traders. In addition, the rollout of Robinhood Cortex, an AI tool, is expected to boost overall user activity on the platform.

In light of the growth potential of these initiatives, Dolev raised his valuation multiple from 21 times P/E to 23 times, viewing Robinhood Markets Inc. (NASDAQ:HOOD) as well-positioned to expand within its $20 billion addressable market.

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

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