Morgan Stanley Maintains Equal-Weight on Robinhood Markets, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Robinhood Markets (NASDAQ:HOOD) and raised the price target from $12 to $13.

July 13, 2023 | 1:57 pm
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Morgan Stanley has maintained an Equal-Weight rating on Robinhood Markets and raised the price target from $12 to $13.
The news is directly related to Robinhood Markets. The maintenance of an Equal-Weight rating indicates that Morgan Stanley views the stock as fairly valued. The increase in price target from $12 to $13 suggests a slightly more optimistic outlook, but it's not a significant change. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100