Robinhood (NASDAQ: HOOD) stock price is up today, September 1, after Morgan Stanley raised the stock’s target to $150. The raised target comes as Robinhood expands its product suite beyond crypto and stock trading.
Morgan Stanley Raises Robinhood Target
Morgan Stanley has upgraded its rating on HOOD stock from equalweight to overweight. The $1.9 trillion investment bank has also raised its target from the previous $124 to $150.
HOOD stock price closed trading at $104 on August 31. This suggests that Morgan Stanley is expecting the shares to rise by 44% from the current price. This bullish forecast comes despite concerns that the Fed will hike interest rates two times in 2026, a move that could pull risk assets like…
