Bernstein raises Robinhood price target, cites tokenization and prediction markets
Bernstein raised Robinhood’s price target to $160 from $130 and kept an Outperform rating, citing tokenized equities and prediction markets as the next major growth drivers rather than traditional crypto trading. The firm sees prediction markets becoming Robinhood’s fastest-growing business, with revenue projected to reach $1.7 billion by 2028, a 64% annual growth rate. Bernstein also flagged tokenized equities as a long-term opportunity, highlighting Robinhood Chain, its Arbitrum-based layer-2 network, as infrastructure for on-chain financial products. The report argues tokenization is becoming a core layer of capital markets and projects onchain real-world assets could grow from about $35 billion today to $2 trillion–$4 trillion by 2030. Robinhood is positioned to compete in prediction markets, perpetual futures and tokenized real-world assets as institutional tokenization efforts accelerate.
