Bernstein Sees Robinhood Prediction Markets Outpacing Crypto by 2028
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bernstein forecasts Robinhood’s prediction markets will add $1.7 billion in revenue and surpass its crypto business by 2028, while keeping a $160 HOOD price target.
Bernstein analysts expect Robinhood’s prediction markets business to contribute $1.7 billion in revenue and overtake its cryptocurrency business by 2028, according to Cointelegraph.
The analysts also increased their revenue forecasts for Robinhood through 2026 and 2028. The estimates point to prediction markets becoming a larger part of the company’s business.
Despite raising those forecasts, Bernstein left its price target for Robinhood shares, which trade under the ticker HOOD, at $160.
Source: Cointelegraph
