GameStop's Post-IPO Surge and Comeback
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Robinhood sharesYahoo Finance
•Robinhood's surge towards profitability brings it back to the top of the financial world
81% Informative
Robinhood's IPO debut on July 28, 2021 , ended with the stock down 8% to $ 34.82 .
In 2022 , the company slashed headcount by 9% in a first round of cuts, then by 23% in the second .
Today , the business has finally begun to haul in major profits, and the stock is up 220% this year .
Robinhood 's business could grow by 10 times over the next 10 years by widening its product reach.
The futures trading, which is projected to launch in early 2025 , is estimated by the company to be a nine -figure business.
The stock's valuation leaves little margin for error, trading on a forward PE multiple of 32 times.
VR Score
84
Informative language
84
Neutral language
46
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English
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38
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