Bernstein: Robinhood predicts market revenue will surpass cryptocurrency business, target price raised to $160

Bernstein analyst Gautam Chhugani stated that Robinhood expects market revenue to surpass cryptocurrency trading revenue as early as the second quarter of this year, and predicts that market revenue will approach $2 billion annually in 2028. Additionally, Bernstein has raised its HOOD target price from $130 to $160.