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

Odaily Planet Daily 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; by 2028, Robinhood's prediction market business is expected to generate nearly $2 billion in annual revenue.

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