Robinhood added to ‘Financials’ Finest’ list at Morgan Stanley

Morgan Stanley added Robinhood (HOOD) to the firm’s “Financials’ Finest” list as the analyst sees a sustainable business model, as “opposed to a meme stock,” that’s expanding into different business lines with many vectors for growth. The analyst, who believes that these factors are not yet reflected in valuation and the shareholder base, has an Overweight rating and $55 price target on Robinhood shares.