Morgan Stanley Raises Robinhood Price Target to $150

Morgan Stanley upgraded Robinhood to Overweight and lifted its price target to $150. The firm points to prediction markets as a fresh growth driver for the platform. Robinhood has been expanding its product lineup in recent months. The stock has climbed more than 60 percent since March. Early trading showed Robinhood shares rising even as Bitcoin and other crypto-linked names such as Coinbase and Strategy fell. Barron's noted the divergence between the upgrade and the wider sector pullback. The rating change reflects Morgan Stanley's view of Robinhood's expanding opportunities outside traditional trading.