Robinhood price target raised on digital asset growth

Bernstein raised Robinhood’s price target to $160, citing growth in prediction markets, tokenized equities, and blockchain products, with $1.7B in revenue expected from prediction markets by 2028.

Bernstein has raised its price target for Robinhood from $130 to $160, citing the company’s expansion into prediction markets, tokenized equities, and blockchain products as key growth drivers. Analysts project that Robinhood’s prediction markets could generate $1.7 billion in annual revenue by 2028, with a compound annual growth rate of 64%. This new business line is expected to surpass crypto revenue and become Robinhood’s primary growth engine. The emerging asset classes are forecasted to contribute 18% of total revenue in 2027 and 23% by 2028. The upgrade signals strong confidence in Robinhood’s ability to capture a $70 billion market opportunity in digital assets and related financial products. Robinhood’s large user base and rapid product rollout are seen as major advantages, positioning the company as a leader in the digital finance sector.