Shares of Robinhood Markets surged nearly 30% in June, prompting analysts to predict further gains. The Direxion Daily HOOD Bull 2X ETF (HODU), which aims to deliver twice the daily performance of Robinhood stock, is attracting attention from active short-term traders. Robinhood's appeal lies in its strong position among younger investors and its diversified financial products, which helped it grow revenue despite a decline in crypto trading. Analysts like BTIG see upside potential with a $125 price target, making HODU a potentially lucrative tool for traders betting on Robinhood's continued growth.

More News (HOOD)

Robinhood stock gains nearly 20% with new buy ratings and price upgrades from analysts.

Robinhood's stock rose nearly 20% from early June lows, boosted by two new buy recommendations. Goldman Sachs upgraded its 12-month price target from $108 to $121, citing strong activity across cryptocurrencies, stocks, options, and event contracts. ...

Analyst Insights

Bullish

1 day ago

Robinhood stock jumps 29%, boosting interest in leveraged Direxion HOOD Bull 2X ETF (HODU) for short-term traders.

More News (HOOD)

Robinhood stock gains nearly 20% with new buy ratings and price upgrades from analysts.

Invest & Trade with
#1 Award-Winning Investment Super App

Invest

Features

Fees

Learn

Investment Clubs (Coming Soon)

Support

iOS App Store

Google Play Store

Robinhood stock jumps 29%, boosting interest in leveraged Direxion HOOD Bull 2X ETF (HODU) for short-term traders.

More News (HOOD)

Robinhood stock gains nearly 20% with new buy ratings and price upgrades from analysts.

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

Google Play Store

Invest & Trade with
#1 Award-Winning Investment Super App