Robinhood Rallies on Analyst Upgrades; Webull and Interactive Brokers Also Rise
Robinhood (NASDAQ:HOOD) surged over 11% in Thursday trading after Morgan Stanley upgraded the stock to Overweight with a $150 price target. The upgrade was driven by Robinhood's expansion into prediction markets, which generated $156 million in revenue during Q2—surpassing its crypto segment—and growing customer assets and financial products. Despite a 38% decline in crypto trading volume year over year, the company reported record second-quarter results with $1.31 billion in revenue and net income up 48% to $573 million. Webull (NASDAQ:BULL) climbed nearly 7%, while Interactive Brokers (NASDAQ:IBKR) gained about 4%. Both stocks benefited from renewed investor interest in online brokerage platforms, though each has a distinct business model. Webull remains more sensitive to retail trading activity and sentiment swings, whereas Interactive Brokers reported strong Q2 growth with 34% year-over-year account expansion, 36% higher daily revenue trades, and a 67% increase in margin loans.
Tickers: $BULL $HOOD $IBKR $MS
Topics: Interactive Brokers Morgan Stanley upgrade price target increase Robinhood Webull