Morgan Stanley upgraded Robinhood from equal weight to overweight and raised its price target to $150 from $124, implying 43% upside. Analyst Michael Cyprys highlighted the platform’s ability to monetize its existing base of roughly 28 million users: prediction markets generated $156 million in second-quarter revenue from under 2 million users who also adopted other products. Morgan Stanley also noted the potential of Rothera, Robinhood’s derivatives exchange and clearinghouse, which extends the company’s competitive advantage into infrastructure. Of the 28 analysts covering the stock, 22 now recommend buy or strong buy.
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