Robinhood Gains After Bernstein Lifts Target to $160 on $1.7 Billion Prediction-Markets Bet
Updated
Updated · TradingView · Jul 20
Robinhood Gains After Bernstein Lifts Target to $160 on $1.7 Billion Prediction-Markets Bet
3 articles · Updated · TradingView · Jul 20
Summary
Robinhood rose more than 1% in premarket trading after Bernstein raised its price target to $160 from $130 and kept an Outperform rating.
Bernstein said prediction markets could generate about $1.7 billion in revenue by 2028, growing at a 64% annual rate, with prediction markets, perpetual futures and tokenized equities nearing one-quarter of Robinhood revenue.
The bullish call also rests on projected 2026-2028 CAGRs of 32% for revenue, 47% for EBITDA and 49% for EPS; the new target uses a 35x forward multiple and a 2028 EPS estimate of $4.56.
Rothera, Robinhood's rebranded LedgerX venture launched for event contracts in May, already accounts for 16% of its event-contract volume and gives the company more control even as it still distributes Kalshi contracts.
Attention now shifts to Robinhood's July 29 earnings, where Bernstein expects prediction-markets strength to offset softer crypto activity; Wall Street forecasts $0.55 EPS on $1.27 billion in revenue.