Morgan Stanley lifts Robinhood EPS forecasts, despite weaker crypto volumes
Morgan Stanley raised its earnings per share forecasts for Robinhood over the next three years. It cited prediction markets, increased trading activity and growing assets, even as cryptocurrency volumes decline.
By Nora RedmondMorgan Stanley increased its earnings per share forecasts for Robinhood over the next three years.Prediction markets, increased trading activity and growing assets led one Wall Street bank to boost its rating on Robinhood Markets even as cryptocurrency volumes decline.Morgan Stanley…