[Bernstein: Maintains 'Outperform' Rating for Robinhood, Target Price $160] BlockBeats News, September 9, Bernstein analysts have maintained their 'Outperform' rating for Robinhood Markets with a target price of $160, stating that its newly launched Layer 2 network has quickly become a source of profitability for the company. In a report sent to clients on Tuesday, Bernstein analysts led by Gautam Chhugani noted that since its launch on July 1, Robinhood Chain has grown rapidly. Currently, the network's TVL (Total Value Locked) has reached approximately $1.5 billion, and DEX (Decentralized Exchange) trading volume has exceeded $50 billion. The analysts wrote: 'The chain is now capable of generating profits.' They stated that Robinhood Chain's transaction fees currently range from about $2 million to $4 million per day. Over the past 15 days, Robinhood Chain's fee revenue ranked first among all blockchains, reaching approximately $33 million, surpassing Solana's approximately $11 million and BNB Chain's approximately $9 million. [Original Link]