Bernstein: Robinhood Q2 Prediction Market Revenue Could Surpass Crypto Revenue, Target Price Raised to $160

Odaily Odaily News Bernstein analyst Gautam Chhugani stated in a report on Robinhood that the platform's prediction market revenue could surpass its cryptocurrency trading revenue as early as the second quarter of this year. It is expected that by 2028, Robinhood's prediction market business will generate nearly $2 billion in annual revenue.

Additionally, Bernstein has raised its price target for HOOD from $130 to $160.