Morgan Stanley Upgrades Robinhood (HOOD) to Overweight, PT $150
HOOD Robinhood Markets Inc
$104.81 +0.53%
View chart & analysis → - 1Robinhood Markets (HOOD) shares rose 2.4% in premarket trading after Morgan Stanley's upgrade.
- 2Morgan Stanley raised the stock to Overweight from Equal Weight and lifted its price target to $150 from $124.
- 3It cited the potential to generate additional revenue from roughly 28 million existing customers, reducing reliance on new customer growth and retail trading activity.
This 3-line summary is compiled from the report below.
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