Bernstein lifts Robinhood target to $160, sees prediction markets topping crypto in Q2 2026

Robinhood Markets Inc. shares climbed more than 8% in Tuesday morning trading after Bernstein raised its price target to $160 from $130 and maintained an outperform rating, reinforcing a bullish view that prediction markets, perpetual futures and tokenized equities could become important new growth drivers for the brokerage. The stock opened at $102.82 after closing at $99.28, reached an intraday high of $107.35 and traded as high as $107.29 in morning trading, with elevated volume as the Nasdaq also moved higher. Over the past month, HOOD has gained more than 17%. Bernstein has argued that prediction markets are becoming a more important growth engine than crypto trading and estimates that prediction-market revenue could reach $1.7 billion by 2028. The firm also sees Robinhood positioned to capture part of a broader $70 billion industry fee pool tied to prediction markets, perpetual futures, tokenized stocks and related trading activity. Investor attention is also turning to Robinhood’s Q2 2026 earnings report, scheduled for July 29, 2026, amid expectations for strong trading activity, crypto engagement and user growth. Analyst sentiment remains positive, with 16 of 19 analysts rating the shares Buy and three rating them Hold over the past three months, for a Strong Buy consensus. The average 12-month price target stands at $118.04, with forecasts ranging from $5.00 to $160. Even with the rally, risks remain. Robinhood faces regulatory uncertainty around prediction markets and tokenized assets, competition from established brokers and crypto-native platforms, and sensitivity to trading volumes and crypto market sentiment. The shares remain below their 52-week high of $153.86, and the stock’s P/E ratio of 51.02 points to a premium valuation that could leave little room for disappointment.