{"id":39309,"date":"2025-05-01T11:37:50","date_gmt":"2025-05-01T11:37:50","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/01\/is-robinhood-luring-high-net-worth-clients-from-schwab-and-ibkr\/"},"modified":"2025-05-01T11:37:50","modified_gmt":"2025-05-01T11:37:50","slug":"is-robinhood-luring-high-net-worth-clients-from-schwab-and-ibkr","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/01\/is-robinhood-luring-high-net-worth-clients-from-schwab-and-ibkr\/","title":{"rendered":"Is Robinhood luring high-net-worth clients from Schwab and IBKR?"},"content":{"rendered":"
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Robinhood Markets Inc (NASDAQ: HOOD) is destined to go higher from here since there wasn\u2019t \u201canything not to like\u201d in its Q1 earnings release<\/a>, says Dan Dolev, a senior Mizuho analyst.<\/p>\n

HOOD ended its first quarter with 14.4 million monthly active users, which was actually down from 14.9 million at the end of Q4 and 15.1 million than analysts had forecast.<\/p>\n

Still, the quarter overall was a \u201crecord\u201d one for the fintech firm and, therefore, warrants an investment at current levels, Dolev argued in a post-earnings CNBC interview.<\/p>\n

Note that Robinhood stock has already rallied nearly 50% in recent weeks.<\/p>\n

Why is Mizuho super bullish on Robinhood stock?<\/h2>\n

Mizuho is uber bullish on Robinhood Markets as it\u2019s unusually \u201caggressive in addressing\u201d a $600 billion total addressable market (TAM).<\/p>\n

The financial services company is expanding rather quickly into new territories, including Asia and Europe, which could help its revenue soar from $3 billion to $30 billion over the next ten years, according to its analyst Dan Dolev.<\/p>\n

\u201cThe product velocity is the best one I\u2019ve ever seen \u2013 pretty much every quarter, there\u2019s something new,\u201d he told CNBC in an interview<\/a> this week.<\/p>\n

HOOD more than doubled its per-share earnings and improved its revenue by 50% in Q1. Still, the fintech stock does not pay a dividend at writing.<\/p>\n

HOOD is going after IBKR and Schwab\u2019s clientele<\/h2>\n

Mizuho\u2019s Dolev is convinced that Robinhood\u2019s days of being thought of as a \u201cjoke for millennials\u201d are long gone. Today, it\u2019s being taken much more seriously.<\/p>\n

In fact, HOOD has even started going after the wealthier clientele that typically goes to the likes of Charles Schwab and Interactive Brokers \u2013 and its finding success in stealing that more robust client-base as well, he added.<\/p>\n

The strategy helped Robinhood Markets Inc record about $18 billion worth of deposits in its first financial quarter.<\/p>\n

All in all, Dan Dolev expects HOOD shares to hit $80 by the end of this year. His price target indicates potential for about a 60% gain from current levels<\/a>.<\/p>\n

Robinhood Q1 earnings highlights<\/h2>\n

Here are the key figures from Robinhood\u2019s Q1 earnings release:<\/p>\n