Investing $500 in Robinhood (HOOD) 1 year ago would have yielded a return of 86%, growing the initial investment to $929. Looking back at the research for the 2023-03 period, we find that Robinhood was identified as a platform where popular stocks are easily accessible, emphasizing the importance of contrarian investing. Despite being known for meme stocks and cryptocurrencies, Robinhood also featured blue-chip tech stocks like Apple and Amazon in its top 10 list. These tech giants were trading down due to rising interest rates, offering an opportunity for investors as the stocks were believed to bounce back and outperform the market. Apple, in particular, was seen as ripe for a comeback after its strong revenue and EPS growth in fiscal 2021. Considering the current price of Robinhood at $18, it is essential to look out for indicators such as user growth on the platform, changes in trading trends, and overall market sentiment towards commission-free trading apps. The direction of Robinhood’s current price will likely be influenced by its ability to retain millennial investors, any new features or services introduced, and how it navigates changes in the financial markets. With the potential for continued market volatility and the evolution of online trading platforms, Robinhood’s stock price may experience fluctuations in the upcoming months.