Morgan Stanley Upgrades Robinhood to Overweight With a $150 Target

Morgan Stanley upgraded Robinhood Markets to Overweight with a $150 price target, pointing to growth engines the firm expects to build out through 2028 across retirement accounts, banking, credit cards, advisory services and prediction markets. The call adds to a cluster of recent target increases, with Citizens moving to $165 from $155 and Mizuho to $140 from $130.

The upgrades follow an August business update in which Robinhood reported total platform assets of $384 billion, up 26% year over year. Shares traded between roughly $111 and $116 on Friday, finishing near $112.50.

Management has also been laying out a broader roadmap, including international expansion plans and a proposed blockchain intended to connect traditional brokerage products with decentralized finance. Analysts remain divided on how quickly those newer lines can contribute meaningfully to revenue.