HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein

Bernstein analysts have increased their revenue estimates for Robinhood, citing the company's prediction markets as a major driver of growth. The analysts expect Robinhood's prediction markets to generate significant revenue, with estimates suggesting that they will add $1.7 billion to the company's revenue by 2028. This is expected to exceed the company's crypto revenue, highlighting the growing importance of prediction markets to Robinhood's business. The company's price target remains unchanged at $160, reflecting the analysts' confidence in Robinhood's ability to execute its growth strategy. Robinhood's prediction markets are a key component of its business, and the company is investing heavily in this area. The analysts' estimates suggest that this investment is likely to pay off, with significant revenue growth expected in the coming years. As the company continues to expand its presence in the financial services industry, its prediction markets are expected to play an increasingly important role. The success of Robinhood's prediction markets will depend on the company's ability to attract and retain users, as well as its ability to provide a competitive and user-friendly platform.