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.
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Bernstein: Robinhood’s Q2 Market Revenue Expected to Exceed Crypto Revenue; Raises Price Target to $160
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