Svmuu News: Bernstein analyst Gautam Chhugani wrote in a report on Robinhood that the platform’s prediction market revenue is expected to exceed that of its cryptocurrency trading business as early as the second quarter of this year; By 2028, Robinhood’s annual revenue from its prediction markets business is projected to approach $2 billion.
In addition, Bernstein has raised its price target for HOOD from $130 to $160.