Is HOOD's Q1 2025 forecast achievable?

Robinhood's Q1 2025 Forecast Appears Achievable, based on the following points:

1. Strong Performance in Q4 2024: Robinhood reported its first $1 billion revenue quarter in Q4 2024, with a 487% sequential quarter-over-quarter growth in crypto revenues and a 733% year-over-year increase. This strong performance sets a positive tone for the upcoming quarter.
2. Crypto Growth Strategy: Bernstein's price target increase to $105 reflects confidence in Robinhood's crypto growth strategy. The company's focus on blockchain technology and expansion into various asset classes, including cryptocurrencies, tokenized securities, and stablecoins, positions it well for continued growth in the crypto space.
3. User Growth and Engagement: Robinhood has seen significant user growth, with funded customers reaching 24.4 million as of October 2024. The company's user-friendly platform and commission-free trading model have been successful in attracting and retaining users, which is a positive indicator for revenue growth.
4. Financial Health and Momentum: InvestingPro data shows Robinhood maintaining a GREAT financial health score, with strong momentum metrics. This financial strength provides a solid foundation for achieving its revenue targets.
5. Strategic Initiatives: Robinhood's strategic initiatives, such as expanding its product offerings and targeting the active trader market, are expected to contribute to its growth. The launch of new products like Robinhood Legend and Robinhood Derivatives has been well-received, contributing to strong revenue growth.

Overall, considering Robinhood's recent performance, strategic initiatives, and market conditions, its Q1 2025 forecast of $839.14 million in revenue and $0.37 in EPS seems achievable.