Bernstein Raises Robinhood Revenue Outlook, Holds $160 Price Target
Analysts at Bernstein lifted HOOD revenue estimates through 2026 and 2028, keeping their price target steady at $160 per share.
Bernstein analysts raised their revenue forecasts for Robinhood Markets through 2026 and 2028 on Tuesday, citing the company's growing prediction markets business as a major driver, while holding their price target for HOOD stock unchanged at $160.
The research note projects that Robinhood's prediction markets segment could add $1.7 billion to the company's revenue and eventually surpass its crypto trading business by 2028 — a striking milestone for a product line that barely existed in its current form just years ago. The forecast signals growing Wall Street confidence that Robinhood is successfully diversifying beyond its retail brokerage roots.
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Prediction markets, which allow users to wager on the outcomes of real-world events ranging from elections to economic data releases, have attracted surging user interest in recent years. Robinhood's move to capitalize on that trend positions the platform to compete in a space that regulators and incumbents are still working to define, giving early movers a potential structural advantage.
Bernstein's maintained $160 price target suggests analysts view the updated revenue trajectory as already reflected in their longer-term valuation model rather than representing a fresh upside catalyst. For investors, the report reinforces the thesis that HOOD's growth story increasingly depends on newer product verticals rather than traditional commission-free stock trading alone.
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