Bernstein lifts Robinhood price target to $160

Analysts at Bernstein raised their price target for Robinhood Markets stock to $160 from $130 on Monday, July -, 2026, maintaining an Outperform rating. The firm argued the online brokerage's next phase of growth will be driven by emerging financial products like prediction markets and tokenized equities, rather than its traditional cryptocurrency and stock trading businesses.

The revised outlook centers on Robinhood's diversification into new asset classes. Bernstein analysts, led by Gautam Chhugani, project prediction market revenue could grow at a 64% compound annual rate, reaching $1.7 billion by 2028. They noted the company's CFTC-regulated prediction exchange, Rothera, which launched in late May, has already processed over $3.5 billion in contracts and accounts for roughly 16% of Robinhood's event-contract volume. The firm expects prediction markets could surpass cryptocurrency trading as a revenue line for Robinhood as early as the second quarter of 2026, offsetting a cyclical slowdown in crypto volumes.

A second pillar of the thesis is Robinhood's investment in blockchain infrastructure, specifically its proprietary Arbitrum-based layer-2 network, Robinhood Chain. The...