New Buying Opportunity After the 55% Correction?
The 55% correction since the 52-week high has normalized the valuation to a P/E ratio for 2027e of 25.
The strong rise in banking deposits by 50% within three weeks shows that the story about the Financial Super App is intact.
Reading Time: 2 minutes
I think the stock of Robinhood (i) has become attractive again after a 55% price drop and a normalization of the valuation. While the market is still debating the volatility of retail traders and the dependency on cryptocurrencies, CEO Vlad Tenev is rapidly transforming the company into a serious "Financial Super App." Robinhood Banking has surpassed the $1.5 billion mark in deposits from nearly 100,000 paying customers. In just the last three weeks, deposits increased by around 50%. With incentives such as top-tier interest rates, access to paychecks...
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