Bernstein analysts estimate that prediction markets could generate up to $1.7 billion in revenue for Robinhood in 2028, compared with about $650 million this year. That figure would exceed the projected $1.6 billion in crypto-derived revenue and represent roughly 18% of Robinhood’s projected total revenue of $9.4 billion for 2028. The analysts raised their revenue forecasts by 3% for 2026, 4% for 2027 and 3% for 2028, while maintaining their $160 price target for HOOD. They also expect Robinhood’s quarterly revenue to rise 13% to around $1.5 billion, driven by equity, options and event contract volumes as well as a recovery in crypto trading. HOOD shares had fallen more than 29% over the past 12 months.
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