Bernstein lifts Robinhood target to $160, sees prediction markets revenue overtaking crypto

60-second summary

Bernstein raises Robinhood's price target to $160, citing prediction markets, Rothera, and Robinhood Chain as key revenue drivers, which are expected to significantly contribute to the company's growth. This prediction markets revenue is forecasted to overtake crypto revenue, indicating a shift in the company's focus and potential future earnings. The market reacts positively to this development.