Bernstein has increased its price target for Robinhood Markets (HOOD) to $160, up from $130, citing growth from tokenized equities and prediction markets. The brokerage is positioning its proprietary Robinhood Chain and prediction market offerings as the next growth drivers, forecasting $1.7 bn in segment revenue by 2028.
Market Impact
The upgraded target signals lower perceived cost of capital for Robinhood, bolstering investor sentiment and potentially attracting long‑term capital. HOOD shares may rally toward the new target, while tokenized equity and prediction‑market assets could see heightened demand, benefitting related blockchain infrastructure providers.
Key Takeaways
- Bernstein lifts HOOD price target to $160 and maintains an Outperform rating.
- Prediction markets projected to generate $1.7 bn by 2028 (64% CAGR).
- Tokenized equities via Robinhood Chain seen as a long‑term growth engine, with on‑chain real‑world assets expected to reach $2‑4 tn by 2030.
Analyzed by FNXT Experts