Key Insights
- HOOD stock received a $160 target from Bernstein.
- Prediction-market revenue could reach $1.7 billion by 2028.
- Robinhood expanded agentic trading and tokenization infrastructure.
Robinhood Markets shares drew a higher Wall Street target Monday. Bernstein linked future growth to prediction markets and tokenization. HOOD stock traded near $99 after Bernstein raised its target to $160.
The call shifted attention beyond Robinhood’s established cryptocurrency and options businesses. Bernstein argued that newer products could expand revenue through blockchain and artificial intelligence infrastructure.
HOOD Stock Target Rises on New Revenue Forecasts
Bernstein analyst Gautam Chhugani maintained an Outperform rating in the July 20 research note. He forecast Robinhood’s prediction-market revenue could reach $1.7 billion by 2028.
The estimate implied a 64% compound annual growth rate for that business. Bernstein also identified perpetual futures and tokenized equities among Robinhood’s main competitive asset classes.
HOOD stock closed at $99.28 on July 20, market data showed. The shares traded between $98.65 and $102.65 during the session.
Robinhood’s filings already showed a widening revenue mix. Its first-quarter filing reported $147 million in other transaction revenue, up 320% yearly.
That category primarily contained event contracts, futures, instant withdrawals and interchange revenue. Cryptocurrency transaction revenue fell 47% to $134 million during the same quarter.
Those figures supported Bernstein’s argument that prediction products could reduce dependence on crypto trading cycles. However, the forecast still relied on sustained customer activity and regulatory access.
Robinhood’s preliminary June data recorded about 5.2 billion event contracts traded. The company said final figures would accompany its second-quarter earnings release.
Robinhood Stock Gains an Agentic Trading Catalyst
Robinhood renewed attention around agentic trading through a July 20 social media post. The company said customers could connect artificial intelligence agents to dedicated brokerage accounts.
Robinhood first announced the feature on May 27. It later detailed wider availability through a July 1 company update.
Its documentation said agents could research investments, place orders and manage portfolios. Users can monitor agent activity through Robinhood’s application.
The company warned that automated strategies could act rapidly. Robinhood also said customers could lose their entire allocated investment.
Agentic trading could increase engagement and order activity across Robinhood’s product set. It also introduces execution, supervision, suitability and model-performance risks for customers.
The feature does not guarantee better returns or consistent risk controls. Robinhood said artificial intelligence strategies could perform poorly under certain market conditions.
Bernstein’s target did not depend solely on artificial intelligence products. The firm centered its valuation thesis on prediction markets, perpetual futures and blockchain-based securities.
HOOD Stock Thesis Centers on Tokenization Infrastructure
Bernstein also pointed to Robinhood Chain as long-term infrastructure for tokenization. Robinhood built the Arbitrum-based layer-2 network for onchain financial products.
The research firm projected onchain real-world assets could reach $2 trillion to $4 trillion by 2030. It estimated that market at roughly $35 billion during July.
RWA.xyz data showed tokenized public equities held about $1.08 billion in total value. Monthly transfer volume reached $2.10 billion, while holders approached 189,400.
Those figures showed adoption but placed tokenized stocks far below conventional equity markets. Market value also does not measure liquidity, governance quality or investor protections.
Robinhood has positioned its chain as controlled infrastructure instead of relying fully on external networks. That approach could support product integration, settlement design and platform economics.
Still, tokenized securities remain subject to jurisdiction-specific rules and ownership structures. Some products provide economic exposure without offering conventional shareholder rights.
Tokenization Push Extends Across Wall Street
Institutional firms also expanded tokenization infrastructure during July. Alpaca and Broadridge integrated shareholder-governance services into Alpaca’s Instant Tokenization Network.
Their July 20 announcement covered proxy voting, investor communications and regulatory disclosures. The companies aimed to align token-holder governance with traditional securities.
Securitize and Cantor Fitzgerald announced a separate partnership on July 15. They planned infrastructure for blockchain-based initial public offerings and follow-on equity offerings.
The initiatives placed Robinhood within a broader contest over issuance, trading, governance and settlement. Traditional operators and crypto-native firms now target overlapping tokenized securities businesses.
Robinhood’s next measurable catalyst will be its second-quarter earnings release. Investors will track event contracts, cryptocurrency revenue, agentic trading adoption and Robinhood Chain usage.
This article is for informational purposes only and does not constitute financial or investment advice. Analyst price targets, revenue projections, and market forecasts are estimates rather than guarantees of future performance. Investors should conduct their own research and consider the risks associated with equities, tokenized assets, and cryptocurrency-related businesses before making investment decisions.