Bernstein: Robinhood prediction markets to add $1.7B revenue, top crypto by 2028
AI summary
Bernstein analysts raised their revenue estimates for Robinhood through 2026 and 2028, projecting that its prediction markets business will add $1.7 billion to revenue and surpass crypto by 2028. The firm kept its HOOD price target unchanged at $160. The call signals growing institutional confidence that Robinhood's non-crypto product lines can diversify and grow revenue, a positive read for the stock and for crypto-adjacent trading platforms.
