Is Robinhood Stock a Buy About a Third Below Its Record High?

Robinhood stock has declined 35% from its 2025 high of $152 to around $97, but the article argues it remains unattractive despite the drop. With a P/E ratio of 42x compared to competitors Charles Schwab (16x) and Interactive Brokers (31x), the stock still commands a premium valuation. The main concern is that Robinhood's younger, risk-taking customer base and growing leverage usage haven't been tested by a major market downturn, creating potential vulnerability.