Robinhood tokenization growth drives $160 target — not crypto trading
Bernstein raised Robinhood's price target from $130 to $160, citing growth from tokenization and prediction markets, not crypto trading. Analysts forecast prediction markets could generate $1.7 billion in revenue by 2028, with a 64% CAGR. Bernstein also highlighted Robinhood Chain, its Arbitrum-based layer-2 blockchain, as key infrastructure for tokenized assets.
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