Morgan Stanley raised the Robinhood rating to $150

According to early releasein A, Morgan Stanley increased the Robinhood rating from holding up to raising the target price from $124 to $150 on 1 September. Morgan Stanley noted that some 28 million users of Robinhood formed the growth base and that new operations, such as forecasting markets, raised the size of single-user assets, transaction activity and liquidity. Of these, market users are projected to be less than 2 million, but contributed $156 million in income in the second quarter. According to analysts, the Robinhood-based derivatives trading platform and clearing house, Rothera, expand distribution advantages and provide infrastructure and third-party income opportunities。