Robinhood: Morgan Stanley Sees 43% Upside Potential — Now the Financial Super App Is Set to Take Off

Morgan Stanley has upgraded Robinhood from Neutral to Overweight and significantly raised its price target from $124 to $150. This represents approximately 43% upside potential relative to the most recent closing price of $104.81. The hhesis: Robinhood no longer needs to focus primarily on acquiring new users. With an ever-expanding product lineup, each of its approximately 28 million existing customers is expected to contribute more assets, become more active, and generate more revenue. Morgan Stanley sees an underestimated growth...