Robinhood stock upgraded to overweight by Morgan Stanley on new lines
Morgan Stanley analysts upgraded Robinhood to overweight, citing better economics from expanded product capabilities. They say new ways to grow revenue are reducing reliance on stronger retail trading.
Robinhood Markets' expansion of its product capabilities is paying off in the company's economics, Morgan Stanley analysts say, upgrading the stock to overweight.
They say Robinhood is creating more ways to grow revenue, rather than just relying on stronger retail trading.
Robinhood now has 13 busi…