Is Robinhood (HOOD) Stock Heading to $150? Morgan Stanley Thinks So
TLDR
- HOOD opened at $106.99 on Thursday, up 3.4%, with a market cap of $96.19 billion
- Q2 EPS came in at $0.62, beating the $0.44 estimate; revenue rose 32.5% year over year to $1.31 billion
- ParaFi Capital more than doubled its HOOD position by 126.2% in Q2, making it their 4th largest holding
- Morgan Stanley upgraded HOOD to Overweight with a $150 price target; Scotiabank initiated with a $136 target
- Robinhood Chain’s tokenized value surpassed $88 million shortly after mainnet launch, with $390 million in trading volume
Robinhood Markets (HOOD) opened at $106.99 on Thursday, up 3.4% on the day. The stock has a 12-month range of $63.51 to $153.86 and a market cap of $96.19 billion.
The stock’s 50-day moving average sits at $101.64, and the 200-day moving average is $87.67. Its beta of 2.34 means it moves sharply in both directions relative to the broader market.
In its most recent quarter, reported July 29, Robinhood posted EPS of $0.62, well above the $0.44 consensus. Revenue came in at $1.31 billion, up 32.5% year over year and ahead of the $1.29 billion estimate.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
