Morgan Stanley upgraded Robinhood from Equal-weight to Overweight with a price target of $150, implying roughly 43% upside. Prediction markets generated $156 million in Q2 2026, surpassing both crypto and equity trading revenue. This activity involves fewer than 2 million users out of a total base of 28 million clients. Analyst Michael Cyprys raised his earnings-per-share estimates for 2026 through 2028 by 12% to 15% and projects 23% annual revenue growth, reaching $8 billion by 2028.
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