Robinhood: Still Not A Buy

Cyn Research 1.04K Followers Follow Summary Robinhood's Q2 results were solid with revenues growing 32% and net income 48%, highlighting operating leverage. Revenue growth is slowing down, but revenue-leading indicators are accelerating, pointing towards faster growth in the future. Innovations remain on track. At a 2028 P/E of 31, HOOD remains too expensive for me to call it a Buy. I expect a Q4 market correction to finally present an entry point into the stock. Rasi Bhadramani/iStock via Getty Images Introduction I have kept Robinhood Markets, Inc. ( HOOD ) at a Hold for four consecutive articles in a row with varying performances since. The broader thesis, however, marked the case of Robinhood being a quality company, just This article was written by Cyn Research 1.04K Followers Follow Hi! I'm a passionate investor who has been researching publically traded companies for over 6 years. My primary focus is on identifying great businesses at reasonable prices and holding them for the long term but I also dive into trend following strategies from time to time. While I have a slight bias toward technology companies, I maintain a broad perspective, including opportunities in crypto. I take a global approach to investing, occasionally seeking value beyond the U.S. market. Thanks for reading! Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.