Morgan Stanley upgrades Robinhood, sees $150 price target on user monetization strength

Morgan Stanley has upgraded its price target for Robinhood, raising it from $124 to $150. This adjustment reflects a projected 43% surge for the online trading platform provider. Analysts indicate that Robinhood's strategic shift toward user monetization rather than user acquisition is expected to drive significant revenue growth. This focus on monetization is seen as a key factor in enhancing the company's market valuation and overall competitiveness, notably without relying on crypto assets for this growth.