Robinhood stock gets another Wall Street push — but can HOOD really make investors millionaires?
Robinhood Markets shares fell 1.4% in premarket trading Tuesday, dropping to $108.74 and valuing the company at about $127 billion. Analysts point to a price-to-earnings ratio near 58 and warn the stock remains untested in a bear market. Bulls cite new products and prediction markets as growth drivers. Some analysts set price targets as high as $172, but others highlight heavy reliance on payment for order flow.