Robinhood Markets shares rose 15.18% to $123.23 on Thursday, outpacing gains of 0.60% for the Nasdaq and 0.58% for the S&P 500. The rally followed a series of positive analyst actions: Morgan Stanley upgraded the stock to Overweight from Equal-Weight and lifted its price forecast to $150 from $124, while Piper Sandler reiterated Overweight with a $145 forecast and Scotiabank began coverage with a Sector Outperform rating and a $136 forecast. Activity on Robinhood Chain, a permissionless, AI-native Layer 2 network for real-world assets and financial services, also attracted attention after DeFiLlama reported $4.32 million in network revenue over 24 hours. The network recorded $874.8 million in daily decentralized exchange volume on Aug. 30. Robinhood’s July operating report showed 6.1 billion event contracts traded, 28.5 million funded customer accounts and $355 billion in total platform assets. Technically, the shares were about 18% above their 20-day and 50-day simple moving averages, roughly 27% above the 200-day average and 29% above the 100-day average. The 50-day average crossed above the 200-day average in August, forming a bullish golden cross, while the 20-day average remained slightly below the 50-day average. Resistance was identified near $124.50 and near-term support around $110.50, leaving room for a pullback if demand weakens. A related item said an analyst considered Nvidia stock extremely cheap and saw it reaching $400 within 18 months, representing a 78% rally from that point.