Morgan Stanley Upgrades Robinhood to Buy, Sets $150 Price Target

Tiger Newspress09-01 14:33

Robinhood received a Buy rating and a $150.00 price target from Morgan Stanley analyst Michael Cyprys today. The company’s shares closed last Monday at $104.81.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 2.0% and a 52.7% success rate. Cyprys covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and Victory Capital Holdings.

Currently, the analyst consensus on Robinhood is a Strong Buy with an average price target of $125.11, a 21.0% upside from current levels. In a report issued on August 21, Bernstein also maintained a Buy rating on the stock with a $160.00 price target.

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