Morgan Stanley says product velocity acceleration supports Robinhood share gains

Morgan Stanley “leans more positive” on Robinhood (HOOD) after having attended the company’s second Active Trader Summit in Las Vegas, arguing that continued acceleration in product velocity supports market share gains and total addressable market expansion. The summit featured new product announcements that included new AI capabilities for traders, plans to roll out its own social network, and a number of product enhancement, including enabling short selling and multiple individual accounts, notes the analyst, who has an Equal Weight rating and $110 price target on Robinhood shares.