Bernstein Lifts Robinhood Target to $160 as Prediction Markets Surge

Robinhood has been expanding beyond its core stock and cryptocurrency trading businesses, with prediction markets emerging as a potential new growth engine. The contracts allow users to trade on the outcomes of political, economic and other events. A sustained expansion could diversify the online brokerage’s revenue base and reduce its exposure to the sharp swings that often drive crypto-related transaction income.

Bernstein raised its price target on Robinhood to $160, citing what it expects to be explosive growth in the company’s prediction-markets business. The investment bank forecasts revenue from the segment will reach $150 million in the second quarter of 2026. That would mark the first quarter in Robinhood’s history in which prediction-market revenue exceeds revenue generated by its cryptocurrency business.