Where Will Robinhood Markets' Stock Be in 3 Years?

Robinhood Markets (NASDAQ: HOOD), the online brokerage that popularized commission-free trading, went public in July 2021 at $38 a share. Its stock hit an all-time high of $70.29 less than a week later, but it dropped below $7 by the following June.Robinhood's stock plummeted as rising interest rates curbed the market's appetite for the higher-risk stocks, options, and cryptocurrencies that have driven most of its growth during the pandemic. However, its stock recovered over the following two years as interest rates peaked and investors poured more cash back into its platform.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool