Key facts
- Prediction markets could generate $1.7 billion for Robinhood by 2028.
- Crypto-based revenues are projected to reach $1.6 billion by 2028.
- Prediction markets are expected to account for 18% of Robinhood's projected $9.4 billion in total 2028 revenue.
- Bernstein raised Robinhood's revenue estimates for 2026, 2027, and 2028.
- Robinhood's price target remains unchanged at $160.
- HOOD stock is down over 29% in the past 12 months.
Bernstein analysts have raised their revenue estimates for Robinhood Markets (HOOD), projecting that its prediction markets could generate up to $1.7 billion by 2028, potentially exceeding its cryptocurrency-derived revenue. The firm maintained its $160 price target for the stock. The prediction market revenue is expected to grow from an estimated $650 million this year to $1.7 billion in 2028, representing about 18% of Robinhood's projected total revenue of $9.4 billion for that year. Robinhood shares were trading down in premarket activity on Monday, continuing a more than 29% decline over the past 12 months.