Bernstein Just Boosted Its Robinhood Price Target to $160. Here's What's Driving the HOOD Price Upgrade.

Bernstein lifted its Robinhood price target to $160 from $130, spotlighting a fundamental shift in the company's business mix. Prediction-market trading generated $156 million in Q2 2026 revenue, eclipsing both crypto trading at $100 million and equity trading at $129 million to become HOOD's largest revenue stream.

The firm projects prediction-market revenue will compound at a 64% annual growth rate, fueled by retail demand for alternative profit opportunities during down markets. This marks a dramatic evolution for a platform that built its brand on commission-free stock trading. The segment's rapid ascent reflects growing retail appetite for event-driven wagers beyond traditional equities and digital assets.

Bernstein's revised target implies 23% upside from the $130 prior forecast, underscoring confidence in the sustainability of prediction-market momentum. The upgrade recognizes that diversification into this high-margin revenue vertical reduces HOOD's dependence on volatile crypto flows and equity trading volumes, which historically swing with market sentiment.