Bernstein analysts raised Robinhood’s revenue estimates through 2026 and 2028, while maintaining their HOOD price target unchanged at $160.
Bernstein analysts expect prediction markets to become one of the incremental earnings drivers for trading platform Robinhood Markets (HOOD), potentially surpassing its crypto-derived revenue.
Prediction markets could drive up to $1.7 billion in business for Robinhood by 2028, surpassing the projected $1.6 billion in crypto-based revenues for that year, according to a Bernstein analysts’ forecast shared with Cointelegraph on Monday.
The analysts expects Robinhood’s prediction market revenue to increase to $1.7 billion in 2028 from about $650 million this year, accounting for roughly 18% of Robinhood’s projected $9.4 billion in total 2028 revenue.
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