Morgan Stanley upgrades Robinhood as prediction markets emerge as growth driver

Morgan Stanley has upgraded Robinhood $HOOD to Overweight, pointing to the company's rapidly expanding prediction-markets business as a new source of growth.
Robinhood shares have already gained more than 60% since March, reflecting stronger investor expectations around the platform's expansion beyond traditional stock and crypto trading.
Prediction markets could provide another engagement and revenue channel for Robinhood if adoption continues to accelerate.