Bernstein Raises HOOD Price Target to $160, Citing Robinhood Chain Growth

HOOD8.29%

Bernstein lifted its price target on Robinhood (HOOD) stock to $160 from $130, driven by long-term value in Robinhood's blockchain infrastructure, according to analyst Gautam Chhugani. The new target is based on a 2028 earnings per share estimate of $4.56 and a 35x forward price-to-earnings multiple.

The firm expects prediction markets, perpetual futures, and Robinhood Chain to contribute 18% of total revenue by 2027, rising to 23% in 2028. Robinhood's second-quarter earnings are scheduled for July 29.

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