Jim Cramer Recently Discussed These 17 Stocks And Chinese Hackers

14. Robinhood Markets, Inc. (NASDAQ:HOOD)

Number of Hedge Fund Holders In Q3 2024: 36

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the top online trading platforms in the US. The firm surged in popularity during the coronavirus pandemic when stay-at-home mandates and stimulus checks led to a boom in retail trading. Robinhood Markets, Inc. (NASDAQ:HOOD)’s shares are up by a massive 351% over the past year particularly due to cryptocurrency’s growing popularity in traditional markets. The stock has sustained momentum even though the firm has missed several earnings estimates in 2024. Cramer’s comments for Robinhood Markets, Inc. (NASDAQ:HOOD) surrounded Morgan Stanley naming it a top pick and hiking the price target to $64 from $55:

“It’s been remarkable. And you and I both know that this is now part of the conversation when you talk about brokers. Youthful, other companies just missed that entirely. A lot of options trading, they’ll be in there buying Rigetti, they’re buying the new companies. The other guys dropped the ball. I mean look, e-trade didn’t even move the needle. I didn’t think Morgan Stanley talked enough about young people. This is the young person’s brokerage house. And young people indeed will inherit not only the Earth, but a ton of money. Are they doing it right? I think Robinhood is doing some great things with the IRAs and retirement. I’ve been impressed. I think all I can say is that the old Robinhood has matured, the new Robinhood is a share capture. Very impressive.

“A huge percentage of their business is crypto. . . .the crypto by the way are the kind of coins that Gensler is not in favor of. They do a lot of the ones that are kind of, that you and I might think are extraneous.”