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HOODRobinhood Markets, Inc.Financial ServicesHoldHigh risk

Robinhood: platform momentum meets a demanding valuation

Robinhood has turned rapid customer-asset growth into real GAAP profit and a broader financial platform, but cyclical revenue, fresh financing and an earnings event make valuation discipline essential.

YieldCove Research Desk

10 min read

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Robinhood co-founder and CEO Vlad Tenev speaking onstage at TechCrunch Disrupt in New York.
Photo: Noam Galai/Getty Images for TechCrunch — CC BY 2.0 via Wikimedia Commons

The verdict

Members only
StanceHoldRiskHigh risk
Wheel fit
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CSP entry zone
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Fair value
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Robinhood began as a mobile brokerage, but the current business is broader: equities, options, cryptocurrency, retirement accounts, cash management, a credit card, subscriptions, margin loans, securities lending, futures and event contracts. Bitstamp adds institutional crypto reach, while TradePMR adds technology and custody relationships for registered…

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