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Pathikrit Bose

Cathie Wood vs. Alphabet: Who's Right About Robinhood Stock?

Robinhood Cathie Wood Alphabet HOOD Jefferies ETF Futu Holdings Stifel Financial

Robinhood (HOOD), the online broker that offers commission-free trades of stocks, exchange-traded funds (ETFs), and cryptocurrencies, has been drawing some high-profile headlines lately. In addition to reporting its first profitable quarter since its July 2021 IPO, the trading platform is attracting attention from a couple of notable market participants. Specifically, notorious fund manager Cathie Wood is bulking up on the stock, while at the same time, tech giant Alphabet (GOOGL) has been slashing its stake in the company.

So, who is making the right move - Cathie Wood, who appears to be betting on the future growth of Robinhood? Or is it seasoned tech giant Alphabet, who apparently believes additional upside is limited? Let's take a look at where the stock stands after earnings, and where it might be headed next.

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