Robinhood (HOOD) Joins S&P 500, Analysts See Major Growth Potential Ahead

Robinhood Markets, Inc. (NASDAQ:HOOD) ranks among the hot stocks to invest in right now. On September 9, Bernstein SocGen Group reiterated an Outperform rating and a $160 price target for Robinhood Markets, Inc. (NASDAQ:HOOD). The reaffirmation follows Robinhood’s inclusion in the S&P 500 index, which marked a major turning point for the company that started as a retail trading platform but has since developed into what Bernstein refers to as “a financial services market leader for the new generation.”

According to the firm, Robinhood Gold is a key component in the company’s success, with 3.5 million users paying $5 a month for premium features such as improved deposit rates, mortgage offers, and the Gold credit card, which has so far distributed 300,000 cards with a “long waiting queue.”

Robinhood Markets, Inc. (NASDAQ:HOOD) is a California-based financial services company that utilizes a mobile app to offer commission-free trading of stocks, exchange-traded funds, and cryptocurrencies, as well as individual retirement plan administration.

While we acknowledge the potential of HOOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.