Robinhood Stock Gains as Bernstein Raises HOOD Target to $160

HOOD6.62%
According to Bernstein analyst Gautam Chhugani, Robinhood Markets' 12-month price target was raised to $160 from $130 on Monday, citing expansion into prediction markets, perpetual futures, tokenized equities, and AI-powered trading. HOOD stock traded at $100.49 during the session, up 0.53% after gaining over 2% in premarket trading. Bernstein estimates these new business areas could generate a combined fee pool exceeding $70 billion, with prediction markets potentially becoming a larger revenue line than crypto as early as the second quarter.
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