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Morgan Stanley Upgrades Robinhood Stock, Raises Target to $150
Morgan Stanley said Robinhood can squeeze more revenue from its 28 million users, citing prediction markets that generated $156 million in second-quarter revenue.
Summary by Quartz
9 Articles
9 Articles
Robinhood stock rises as Morgan Stanley upgrades HOOD to overweight
·Road Town, Virgin Islands (British)
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Morgan Stanley raised his recommendation on Robinhood and brought its target price to $150, considering that the platform can still generate more revenue from its current users. The thesis comes as cryptocurrency volumes decrease and focuses on product expansion, predictive markets and the company’s financial infrastructure.
(Teleborsa) - Robinhood Markets is heading towards a tonic session on Wall Street, currently marking an increase of about 2% in the American pre-market. To fuel purchases on the title of the company of...
Coverage Details
Total News Sources9
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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