On September 3, Robinhood rose 3.19% in pre-market trading, trading at $110.57/share, with turnover of $7.296 million, following a 3.36% gain in the prior regular session.

The move is driven by a wave of bullish analyst actions. Morgan Stanley analyst Michael Cyprys upgraded Robinhood by two notches from Equalweight to Overweight, raising the price target from $124 to $150. He cited the prediction market business — which attracted over 2 million users and generated $156 million in Q2 revenue, surpassing crypto trading — as validation of the company's ability to continuously expand revenue streams. Cyprys noted that new product launches are translating into stronger per-customer economics and a longer growth runway than the market expects. Additionally, Piper Sandler raised its price target from $135 to $145, maintaining an Overweight rating. The consensus mean target now stands at approximately $126.64.

Separately, Robinhood Chain ecosystem momentum continues, with TVL surpassing $1 billion and cumulative fee revenue reaching $5 million within roughly two months of launch. The company is expected to host an investor event on September 29-30, which may provide further strategic updates.

(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.)