Bernstein sees Robinhood Markets poised to benefit from prediction markets and new products incorporating emerging technologies. Analyst Gautam Chhugani said the stock could be driven by these activities over the next 12 to 18 months as U.S. regulation and market structure evolve rapidly. Robinhood’s third-quarter prediction market revenue rose sixfold year over year, while revenue from non-sports contracts increased 30%. The Rothera derivatives exchange crossed $100 million in annualized revenue, and the crypto business recorded $100 billion in exchange volumes on the HOOD chain since launch. Bernstein set a $160 price target for HOOD, implying about 69% upside, even though the stock has fallen more than 16% so far in 2026.
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