Robinhood Markets will get a big boost from prediction markets and other newer products and services incorporating emerging technologies, according to Bernstein. The investment firm has an outperform on the trading platform along with a $160 price target on shares, implying about 69% upside from Tuesday’s close. “Prediction markets and new products [are likely] to drive [the] next leg of growth,” analyst Gautam Chhugani said Wednesday in a note to clients. “For us, the stock over next 12-18 months will be driven by how fast the platform scales new products as U.S regulation and market structure move rapidly.” HOOD YTD mountain HOOD year to date Robinhood’s third-quarter prediction market revenue increased six-fold on a year-over-year basis, according to Bernstein. Chhugani added that revenue from non-sports contracts increased 30%. He also noted that Rothera, a derivatives exchange and clearinghouse, became Robinhood’s 14th business to cross $100 million in annualized revenue — another boon for the stock. Chhugani also highlighted Robinhood’s crypto business. “The crypto business is evolving from crypto native retail-trading to an infrastructure business,” Chhugani wrote. “HOOD chain has seen strong adoption ($100Bn exchange volumes on-chain since launch) and strong investor interest in stock token trading (~200 equity tokens live) and perp futures.” Of the 33 analysts covering Robinhood Markets, 27 have a buy or strong buy rating on the stock, while five have a hold on it, LSEG data shows. Shares are down more than 16% in 2026. The stock slipped another 7% premarket on the back of the company’s third-quarter report .
