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]