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Bernstein raises Robinhood price target, cites tokenization and prediction markets
Bernstein has raised its price target for Robinhood, citing the brokerage's blockchain strategy which includes tokenized equities and the Arbitrum-based Robinhood Chain. Analysts suggest this strategy could reduce Robinhood's reliance on traditional cryptocurrency trading.
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Adjacent reporting
- Bernstein lifts Robinhood target to $160, sees prediction markets revenue overtaking crypto
- Robinhood Chain's Early Momentum Is Being Driven By Meme Coins, Not Tokenized Stocks
- Charles Schwab Weighs Prediction Markets Move as Bitcoin, Ethereum Trading Nears
- Robinhood CEO says a "tokenization supercycle" is underway
- Here is why Wall Street is racing to tokenize the entire stock market