Bernstein has raised its price target for Robinhood to $160, according to a report from Crypto Briefing. The move is tied directly to the rapid growth of prediction markets, a sector the analyst says is seeing revenue expand at a 64% compound annual growth rate. By 2028, prediction market revenue is projected to hit $1.7 billion.
Why prediction markets are the focus
Prediction markets let users trade on the outcomes of future events — elections, sports, economic data. The sector has been gaining traction, and Bernstein sees it as a major growth driver for platforms that can capture the flow. The analyst specifically calls out Rothera and Robinhood Chain as examples of platforms fueling the momentum.
Robinhood's role in the space
Robinhood has been expanding its crypto offerings, and the launch of Robinhood Chain appears central to the prediction market thesis. The platform is positioned to tap into a revenue stream that Bernstein expects to reach $1.7 billion within two years. The 64% CAGR outpaces many other crypto sub-sectors, making it a compelling narrative for the stock.
What the $160 target signals
The new price target marks a significant jump from previous estimates. It reflects confidence that Robinhood can execute on the prediction market opportunity, even as the broader crypto market remains volatile. The report from Crypto Briefing did not specify a timeline for the target, but the projection is based on the 64% CAGR through 2028.
Robinhood's stock has been choppy this year, and the prediction market thesis offers a fresh angle for investors. Whether the company can deliver on that promise is an open question, but Bernstein's call adds weight to the argument.
