These 3 Companies Will Be Robinhood Stocks in 2021

A whole new generation of investors has taken the Robinhood brokerage app by storm. It’s a mark of distinction for a company to be considered a “Robinhood stock” — that is, among the most popular 100 stocks on the platform.

Long before Robinhood was available, the Motley Fool CAPS service offered a similar way for our investing community to weigh in on the most popular stocks. The stock-picking game allows members to pick stocks to outperform or underperform the market. CAPS then aggregates all the views of the entire community to come up with a rating. A five-star rating makes a stock the cream of the crop, while one star goes to the stocks that get the poorest reception in our investing community.

As most investors know, the key to success is finding top stocks before they gain mainstream popularity. With that in mind, here are three growth stocks that aren’t yet on the Robinhood top 100 list, but that have gotten coveted five-star ratings on Motley Fool CAPS. Don’t wait to take a look — because they might well be on the Robinhood list before you know it.

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1. Axon Enterprise

Axon Enterprise (NASDAQ:AAXN) is best known for its Taser stun-guns, and that’s what initially drew the attention of Fool members on CAPS. The stock has gotten nearly 1,600 active picks, and an overwhelming 94% of those were positive recommendations, so Axon has earned its five-star rating. Its stock has more than doubled in price in just the past 12 months.

Axon has gone beyond Tasers to embrace a more complete selection of vital technology for law enforcement uses. The company’s body cams and vehicle cams have become increasingly necessary, both for police oversight and for use in court proceedings. Axon has also come out with a digital cloud-based evidence management platform designed to help agencies track the information they collect for use in prosecution.

The future is bright for Axon. The company is looking into more cutting-edge applications, such as building artificial intelligence capabilities and dispatch services into its offerings. Axon’s revenue represents just 2% of its addressable market. That leaves plenty of growth ahead for the body-cam maker.

Image source: Getty Images.

2. Magnite

Magnite (NASDAQ:MGNI) has tapped into the demand for programmatic advertising services in a big way, and it’s paying off for shareholders. The stock has more than tripled over the past year, and that’s made it a growing favorite among Motley Fool CAPS members. Out of 369 picks, Magnite has convinced all but three of those rating the stock that it will outperform the broader stock market.

Magnite operates a service that lets publishers of websites, apps, and connected TV content platforms generate revenue from inviting advertisers onto their platforms. Its supply-side model is essentially the mirror image of what The Trade Desk (NASDAQ:TTD) does in helping ad agencies find places to post advertising content.

The recent explosion in the…