2 of the Most Owned Stocks on Robinhood Also Have at Least 50% Upside, According to Wall Street
With tens of millions of funded accounts, Robinhood is one of the most popular online brokerages for retail investors. Each month, the company posts the top 10 most-owned stocks on the platform. This list is updated monthly and usually includes large tech and artificial intelligence stocks found in the “Magnificent Seven.”
Due to the sell-off in large tech and AI stocks this year, Wall Street analysts now see a big buying opportunity for two of these very popular Robinhood stocks:
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
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The No. 1 most-owned stock on Robinhood is Nvidia (NASDAQ: NVDA), which is also the largest stock in the world by market cap. Of the 43 Wall Street analysts who have issued research reports over the past three months, 41 have a buy rating on Nvidia. One has a hold rating, and one has a sell rating, according to TipRanks. The average price target of roughly $274 per share suggests 54% upside from the current level (as of April 7).
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The No. 6 most-owned stock on Robinhood is Microsoft (NASDAQ: MSFT). Of the 37 Wall Street analysts who have issued research reports on the company over the past three months, 34 have a buy rating, according to TipRanks. The average price target of roughly $582 per share suggests 57% upside from current levels.
Wall Street analysts have been challenged to find reasons why investors won’t buy Nvidia stock. Earlier this year, the company reported blowout earnings and significantly raised its guidance for the current quarter.
Meanwhile, CEO Jensen Huang has guided for $1 trillion in chip sales from its current Blackwell graphics processing unit (GPU) model and platform, and the soon-to-be-released Vera Rubin GPU and platform between March of this year and the end of 2027. Huang also said the company is preparing to relaunch chip sales to China, a market it once considered a prominent source of revenue.
AI concerns have been well documented at this point. Investors are worried about the intense AI capital expenditure cycle slowing, what returns these hyperscalers can realistically generate from this kind of spending, margin erosion at Nvidia as chip competitors emerge, and circular financing within the sector. I think it may also be challenging for some investors to buy Nvidia given its sheer size. A double in the stock market means a market cap well over $8 trillion.
