Robinhood price target raised to $90 from $64 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Robinhood (HOOD) to $90 from $64 and keeps an Overweight rating on the shares. The firm has increased conviction in Robinhood’s growth path ahead following the “significant earnings beat” in Q4 and conference call that provided greater clarity around the 2025 product roadmap and strategic initiatives. Management commentary surrounding January volumes and activity is encouraging in the backdrop of “conservative” Q1 consensus estimates, the analyst tells investors in a research note. Morgan Stanley sees a “sustainable business model” in Robinhood that’s expanding into different business lines with “many vectors for growth.” The firm continues to view the stock as a top pick.