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Morgan Stanley Upgrades Robinhood to Overweight, Sees 43% Upside

Morgan Stanley upgraded Robinhood stock to Overweight with a $150 price target, citing improved customer economics.

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As of 2026-09-02 10:22 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Morgan Stanley upgraded Robinhood Markets stock to an Overweight rating from Equal-weight and raised its price target to $150 from $124, implying 43% upside. [1] Robinhood reported Q2 2026 revenue of $1.31 billion, up 32% year-over-year, with earnings per share of $0.62 beating the $0.44 consensus estimate, and net income of $573 million. [2] Analyst Michael Cyprys raised his 2026 to 2028 earnings estimates for Robinhood by 12% to 15%. [3] Morgan Stanley noted that Robinhood increasingly has multiple ways to grow revenue from its 28 million existing customers, with 13 business lines now generating more than $100 million in annualized revenue. [4] Morgan Stanley stated that Robinhood's expanding platform is turning product velocity into stronger customer economics, with more assets, activity, and monetization per customer supporting a longer growth runway. [5] Bernstein analyst Gautam Chhugani reiterated a $160 Outperform rating on Robinhood (HOOD) on August 31, 2026, and projected prediction market revenue of $1.7 billion by 2028. [6] Morgan Stanley analyst Michael Cyprys upgraded Robinhood (HOOD) to a $150 price target on September 1, 2026, when the stock was trading near $104.74. [7] Robinhood's prediction markets and event contracts generated $156 million in Q2 2026 transaction revenue, up over 10x year-over-year, while crypto trading revenue fell 38% to $100 million. [8]
What this stands on
  1. Morgan Stanley upgraded Robinhood Markets stock to an Overweight rating from Equal-weight and raised its price target to $150 from $124, implying 43% upside. · Investing.com
  2. Robinhood reported Q2 2026 revenue of $1.31 billion, up 32% year-over-year, with earnings per share of $0.62 beating the $0.44 consensus estimate, and net income of $573 million. · Blockchain.News
  3. Analyst Michael Cyprys raised his 2026 to 2028 earnings estimates for Robinhood by 12% to 15%. · Investing.com
  4. Morgan Stanley noted that Robinhood increasingly has multiple ways to grow revenue from its 28 million existing customers, with 13 business lines now generating more than $100 million in annualized revenue. · Investing.com
  5. Morgan Stanley stated that Robinhood's expanding platform is turning product velocity into stronger customer economics, with more assets, activity, and monetization per customer supporting a longer growth runway. · Investing.com
  6. Bernstein analyst Gautam Chhugani reiterated a $160 Outperform rating on Robinhood (HOOD) on August 31, 2026, and projected prediction market revenue of $1.7 billion by 2028. · Blockchain.News
  7. Morgan Stanley analyst Michael Cyprys upgraded Robinhood (HOOD) to a $150 price target on September 1, 2026, when the stock was trading near $104.74. · Blockchain.News
  8. Robinhood's prediction markets and event contracts generated $156 million in Q2 2026 transaction revenue, up over 10x year-over-year, while crypto trading revenue fell 38% to $100 million. · Blockchain.News
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