Category: News

Robinhood Stock Gets Major Boost as Bernstein Predicts $1.7B Revenue From Prediction Markets

Key highlights: Bernstein raised its Robinhood (NASDAQ: HOOD) price target from $130 to $160, while maintaining an Outperform rating The brokerage expects Robinhood’s prediction markets business to generate $1.7 billion in annual revenue by 2028, growing at a 64% compound annual growth rate (CAGR) Analysts believe tokenized equities, perpetual futures, and Robinhood’s blockchain initiatives could […]