Bernstein raises Robinhood price target to $160, identifying prediction markets and Robinhood Chain as emerging revenue drivers.
Macro & Markets ·
Bernstein raised its Robinhood price target to $160, pointing to prediction markets, Rothera, and Robinhood Chain as key drivers of future revenue growth. The analyst firm's outlook reflects confidence that these emerging business lines will become material contributors to the platform's financial performance. The assessment suggests prediction markets revenue may eventually eclipse returns from the core crypto business, marking a potential shift in the company's revenue composition. Specifics on the timing and magnitude of that transition remain unclear, as do the details of how Rothera and Robinhood Chain are expected to develop and scale relative to one another.