On September 3, Robinhood surged 7.67% in regular trading, reaching $118.56/share with turnover of approximately $390 million, as multiple bullish catalysts converged.

On the news front, Morgan Stanley analyst Michael Cyprys issued a rare double upgrade on Robinhood, lifting the rating from Underweight to Overweight with a price target increase from $124 to $150. The upgrade was driven by Robinhood's prediction market business, which now has over 2 million users and generated $156 million in Q2 revenue — surpassing its crypto trading segment. Cyprys noted this validates Robinhood's ability to continuously expand revenue streams through new product launches. Separately, Piper Sandler raised its target from $135 to $145, maintaining an Overweight rating.

Adding momentum, on-chain data showed Robinhood Chain generated over $3.8 million in network revenue on September 1, ranking first among all blockchain networks and accounting for approximately 38% of total network revenue that day. The chain's TVL has surpassed $1 billion since its launch just over two months ago, with cumulative fee income reaching $5 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)