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Robinhood Markets Inc. has been one of Wall Street’s biggest winners since Donald Trump’s election victory. But with worries over expensive stocks growing, its sky-high valuation will be front-of-mind as investors parse Wednesday’s results.
Shares of the platform — used to trade stocks, cryptocurrencies and other assets — have soared around 450% since Trump’s win last November through Tuesday’s close, making it the biggest gainer among companies that were worth at least $10 billion ahead of the 2024 election, data compiled by Bloomberg show. The S&P 500 Index, by contrast, has risen 17% in that period. Robinhood shares gained about 2% just after the opening bell on Wednesday ahead of the results.