Sep. 1 at 7:21 PM
$HOOD 🔥 Morgan Stanley just upgraded HOOD to Overweight and raised its price target from
$124 to
$150, implying roughly 43% upside from the prior close.
📈 Revenue and earnings are accelerating: Q2 revenue hit a record
$1.31B, +32% YoY, while diluted EPS increased 48% to
$0.62 and adjusted EBITDA reached
$741M.
💰 Customers are pouring money onto the platform: Q2 produced a record
$21.7B of net deposits, while platform assets reached
$369B, +32% YoY. July added another
$5.6B of net deposits.
🚀 HOOD isn't just a crypto trade anymore. It now has 13 businesses generating
$100M+ in annualized revenue. Prediction-market revenue alone reached
$156M in Q2—more than equities or crypto revenue.
