Robinhood's (NASDAQ: HOOD) stock has nearly doubled over the past 12 months, but it still trades nearly 50% below its IPO price of $38. The online brokerage lost its luster after rising interest rates ended the buying frenzy in meme stocks, riskier options, and cryptocurrencies, which had fueled most of its growth in 2020 and 2021.

But over the past year investors warmed up to Robinhood again as its customer growth stabilized in a new bull market. Will this volatile stock head even higher over the next 12 months?

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Source Fool.com