Robinhood Stock Seen Hitting ₱7,782 ($130) on Crypto Surge
Bernstein expects crypto-based revenue to grow 23% year-over-year while prediction markets revenue surges 286%. The firm predicts crypto will become Robinhood's largest revenue source by mid-2027.
Key Takeaway
Robinhood's crypto bet is paying off — analysts see shares doubling if Bitcoin hits $150,000.
Bernstein analysts set a ₱7,782 ($130) year-end price target for Robinhood, an 81% jump from Tuesday's price.
The investment firm expects crypto-based revenue to grow 23% year-over-year while prediction markets revenue surges 286%. Crypto already accounted for 50% of Robinhood's transaction-based revenues in the fourth quarter of 2024, jumping 700% from the previous year. Bernstein analysts said crypto has been Robinhood's most significant differentiator relative to traditional brokers.
Robinhood CEO Vlad Tenev jumped headlong into crypto over the past year. The company announced a Layer 2 blockchain on Ethereum, acquired Bitstamp, and launched prediction markets through a partnership with Kalshi. At a crypto event in Cannes last year, Tenev said the company has a chance to prove crypto is much more than a speculative asset and has the potential to become the backbone of the global financial system.
Bernstein's bullish outlook rests on Bitcoin hitting $150,000 by the end of 2026 and $200,000 by mid-2027. The firm also expects 2026 to be catalyst-rich for prediction market volumes as the U.S. hosts the Football World Cup in the summer and political activity heats up in the second half on U.S. midterm elections.
Robinhood's net total revenue jumped 58% in 2024 to ₱173.59 billion ($2.9 billion) while net income reached ₱83.8 billion ($1.4 billion). The company announced a ₱89.79 billion ($1.5 billion) buyback program last month.
This article was written based on reporting from Dlnews.
