3 Popular Robinhood Stocks With Upside of 12% to 83%, According to Wall Street
Winter is coming, but the stock market is heating up. Despite one of the wildest years in history, the benchmark S&P 500 looks as if it'll end the year higher by double digits. That's pretty incredible considering that it lost more than a third of its value in less than five weeks during the first quarter.
Millennial investors have absolutely loved the volatility in 2020. We know this because online investing app Robinhood, which is known for its commission-free trades and stock gifts for new members, has signed up millions of new users this year. The average age of Robinhood's millions of investors is only 31.
In general, the high-risk, high-reward stocks that millennial and novice investors have chosen to pile into aren't well-liked on Wall Street. A quick look at the 35 most-held stocks on its leaderboard reveals that many are currently valued above Wall Street's consensus price target.
Source Fool.com