Compass Point Lifts Robinhood (HOOD) PT, Keeps Buy Rating

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the 11 Best Fintech Stocks to Buy Right Now. On June 27, Compass Point increased its price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $64 to $96 and kept a “Buy” rating.

The firm highlighted Robinhood Markets, Inc.’s (NASDAQ:HOOD) strong year-to-date performance as “the business is clicking on all cylinders.”

Compass Point Lifts Robinhood (HOOD) PT, Keeps Buy Rating

A successful business person confidently managing their finances on a mobile device.

Compass Point analysts pointed out multiple growth themes that support Robinhood Markets, Inc. (NASDAQ:HOOD). These include “a well capitalized retail trader, maturing Millennial/Gen Z demographics, and efficiencies from blockchain tech” like tokenized stocks and stablecoins.

The research firm also advised investors to consider buying Robinhood Markets, Inc. (NASDAQ:HOOD) in case of a potential dip. Compass Point sees enough catalysts in 2025 that could push the stock price higher.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services and technology company that allows users to invest in stocks, options, futures, and cryptocurrencies through its user-friendly platform.

While we acknowledge the potential of HOOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds.

Disclosure: None.