Bernstein has raised its price target for Robinhood Markets to $160, highlighting prediction markets, the company's blockchain infrastructure, and tokenization as key revenue drivers.
Bernstein's new price target for Robinhood.
According to Bernstein, prediction markets are expected to become a significant revenue generator, potentially surpassing traditional crypto trading. The analyst also pointed to Robinhood Chain, described as based on Arbitrum, as a key driver. Additionally, tokenization—including tokenized equities—was cited as another growth area.
Bernstein's blockchain strategy could reduce Robinhood's reliance on traditional crypto trading, according to the firm. Some sources frame this as prediction markets revenue overtaking crypto, while others emphasize tokenization and blockchain strategy reducing dependence on conventional trading.
Bernstein also cited Rothera as a key revenue driver for Robinhood.
