Bernstein raises Robinhood target to $160 from $130 on prediction-market growth

Robinhood HOOD Prediction markets (event contracts)

Bernstein analyst Gautam Chhugani raised his Robinhood price target to $160 from $130 and kept Outperform on July 20. The model rests on prediction markets, which Bernstein expects to grow at a 64% compound annual rate to about $1.7 billion by 2028, and on event contracts overtaking crypto as a revenue line. Bernstein also cut its 2026 crypto trading revenue estimate by 49% on weaker industry volumes.

Price target raised to $160 from $130; Outperform maintained
Prediction-market revenue projected at about $1.7 billion by 2028 (64% CAGR)
Event contracts expected to overtake crypto as a revenue line in Q2 2026
2026 crypto trading revenue estimate cut by 49%

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Moves this explains

HOOD+7.85%Jul 20 · Robinhood rose 7.85% on 2026-07-21 in a high-beta rally: Micron +12.99%, Coinbase +10.33%, Intel +8.67% and AMD +7.98%, with the S&P 500 +0.79%. Bernstein raised its Robinhood target to $160 from $130 on July 20, citing prediction-market revenue growing toward about $1.7B by 2028, and coverage described a premarket gain on the raise.

Source

The Block

Jul 20, 2026

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