Morgan Stanley Just Upgraded Robinhood Markets Inc. (HOOD). Here’s Why

Morgan Stanley analyst Michael Cyprys upgraded Robinhood Markets Inc. to Overweight from Equal Weight on September 1, with a price target increase to $150 from $124. The analyst cited growing confidence that the company’s diversifying product portfolio could unlock additional revenue streams from its existing customer base and improve customer economics.
Robinhood has expanded well beyond its core brokerage business into subscriptions, banking, credit, customer cash management, and predic