LATEST: Bernstein raised its Robinhood price target to $160, expecting prediction market revenue to overtake crypto for the first time in Q2 2026.

What happened

Bernstein increased its price target for Robinhood to $160, saying the firm’s prediction‑market revenue will surpass its crypto revenue for the first time in the second quarter of 2026.

Confirmed

Global impact / market context

A higher price target signals analyst confidence that Robinhood’s new prediction‑market line will become a key growth engine, potentially improving earnings and attracting investors seeking exposure to innovative fintech services.

Analyst inference

Robinhood is a publicly‑traded brokerage platform that offers stocks, crypto and a new prediction‑market product. Analysts watch its earnings and growth because the company’s valuation depends on expanding revenue streams.

Confirmed

What to watch

1. Whether Robinhood’s prediction‑market product gains enough users to generate the projected revenue growth, which would support the higher price target. Analyst inference
2. The pace of crypto‑revenue decline or stabilization, because a slower drop could delay the predicted crossover with prediction‑market earnings. Analyst inference
3. Regulatory developments affecting prediction markets or crypto trading, as new rules could either boost or constrain Robinhood’s ability to expand those businesses. Analyst inference

Evidence

• x.com