Analysts at Bernstein have lifted their price target on Robinhood Markets stock to $160 from $130 per share, maintaining an Outperform rating, as they argue the online brokerage’s next growth
Analysts at Bernstein have lifted their price target on Robinhood Markets stock to $160 from $130 per share, maintaining an Outperform rating, as they argue the online brokerage’s next growth leg will come from tokenized equities and prediction markets rather than conventional crypto trading. HOOD shares were trading near $101 at the time of the note.
In a Monday research note, Bernstein analysts said prediction markets are set to become Robinhood’s fastest-expanding business line. The firm projects that segment revenue will hit $1.7 billion by 2028, a 64% compound annual growth rate from current levels.
