Robinhood Stock Outperforms Broader Market as Analysts Forecast Strong Growth Despite Premium Valuation
• Robinhood (HOOD) stock closed 1.05% higher while broader markets declined • HOOD outperformed the S&P 500, Dow, and Nasdaq over the past month • Analysts forecast HOOD will report strong EPS and revenue growth for the upcoming quarter • HOOD currently has a Zacks Rank of #3 (Hold) and trades at a premium valuation • The Finance sector overall ranks in the top 17% of Zacks Industries, suggesting strong performance