Bernstein Lifts Robinhood Target to $160 on Tokenization, Prediction Markets

Bernstein analysts have upgraded Robinhood Markets' price target to $160 from $130 and maintained an 'Outperform' rating.

The investment firm's central thesis is that Robinhood's next growth phase will be driven by tokenized equities and prediction markets, rather than conventional crypto trading.

Bernstein expects prediction markets to become Robinhood's fastest-growing segment, reaching $1.7 billion in segment revenue by 2028, implying a 64% compound annual growth rate.