Bernstein Sees Robinhood Stock Rally 81% to $130 on Crypto, Prediction Markets
Bernstein forecasts Robinhood stock to reach $130 per share by year-end, an 81% rise from current levels, driven by 23% crypto revenue growth and 286% revenue surge in prediction markets. Analysts cite a $1.5 billion buyback, upcoming World Cup, U.S. midterms and a projected Bitcoin rally to $150K as key catalysts.
1. Bernstein Forecast
Analysts at Bernstein project Robinhood shares will reach $130 by year-end, marking an 81% increase from current levels based on expected business expansion.
2. Revenue Growth Drivers
The firm forecasts 23% year-over-year growth in crypto-based revenue and a 286% surge in prediction market revenues, driven by major events like the FIFA World Cup and U.S. midterm elections boosting market volumes.
3. Crypto Strategy and Catalysts
Robinhood’s $1.5 billion buyback, development of a Layer 2 blockchain, the Bitstamp acquisition, and anticipation of Bitcoin reaching $150,000 by year-end are highlighted as key factors supporting the platform’s long-term growth.