Could This Brokerage Stock Help Make You a Millionaire?
Robinhood has a bright future, but its business is maturing.
Overview
Robinhood (NASDAQ: HOOD), the online brokerage that disrupted its larger peers with commission-free trades, went public five years ago. Its stock soared from its IPO price of $38 to a record high of $152.46 last October, but it now trades at around $107. Let's see why Robinhood's stock pulled back -- and if it might mint some millionaires in the future.
From 2020 to 2025, Robinhood's annual revenue soared from $959 million to $4.5 billion, while its total funded customers more than doubled from 12.5 million to 27.0 million. Most of its growth was driven by younger, first-time retail investors with smaller accounts.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.