I see the current consolidation as an attractive buying opportunity!
Within a quarter, the stock price has halved. The ongoing consolidation could serve as a basis for the continuation of the long-term uptrend!
The announced $1.5 billion stock buyback program can be seen as a vote of confidence from management!
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Since the peak in mid-December, the stock price of Robinhood Markets (HOOD) (i.) has approximately halved. However, I find the recent consolidation combined with the ongoing transformation of the company from a pure neobroker to a comprehensive financial platform convincing. The stronger price decline within a quarter has made valuation levels more attractive, and at the same time, it can lay the groundwork for the continuation of the long-term uptrend. The company is focusing on long-term customer retention with Robinhood IRA, crypto services,...
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