This company was the birthplace for much of the meme stock revolution, and the stock already has started to attract big trading volume. Robinhood Markets Inc. (NASDAQ: HOOD) operates a financial services platform in the United States that allows users to invest in stocks, exchange-traded funds (ETFs), options, gold and cryptocurrencies.
It also offers various learning and education solutions:
- Snacks, a digest of business news stories
- Learn, which is a collection of approximately 650 articles, including guides, feature tutorials and a financial dictionary
- Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters and The Wall Street Journal
- Lists, which allow users to create custom watchlists to monitor securities, ETFs and cryptocurrencies, as well as cash management services.
The short interest data was not available due to the recent initial public offering, which traded off the first few days and then exploded higher. Atlantic Equities has a $65 price target and an Overweight rating. A consensus target has not yet been set. Since going public, Robinhood Markets stock has traded between $33.25 and $85.00, and it closed at $50.63 on Friday.
This stock was already somewhat in the meme traders’ sites, as it was a huge COVID-19 winner as the pandemic forced many people to stay home for extended periods. Teladoc Health Inc. (NYSE: TDOC) provides virtual health care services on a business-to-business basis in the United States and internationally.
The company covers various clinical conditions, including noncritical, episodic care, chronic and complicated cases like cancer and congestive heart failure, as well as offers telehealth solutions, chronic condition management, expert medical services, behavioral health solutions, guidance and support, and platform and program services.
It serves health employers, health plans, hospitals, health systems and insurance and financial services companies. The company offers its products and services under the Teladoc, Livongo, Advance Medical, Best Doctors, BetterHelp and HealthiestYou brands.
Almost 12% of the float is sold short. Cowen has an Outperform rating and a $188 price target on Teladoc Health stock. The consensus target is up at $227.14, and shares last closed at $144.00.
Who knows for certain which stock will be the next target of the WallStreetBets crowd. One thing is for sure. The retail army of investors and traders is not going away any time soon. Fortunes were made on GameStop and a host of other names, and that only whets the appetite of newcomers.
It is very important to take note here that the action on these stocks is closer to betting at a casino than investing. This is the kind of speculative trading that could include a massive loss of principal, so it is only for very aggressive investors with a very high risk tolerance level.