Bernstein raises Robinhood price target, cites tokenization and prediction markets
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- Bernstein raised its Robinhood price target to $160 from $130, maintaining its Outperform rating while HOOD traded around $101
- Bernstein forecast Robinhood's prediction markets revenue to reach $1.7 billion by 2028, a 64% compound annual growth rate it called the brokerage's fastest-growing segment
- Bernstein highlighted Robinhood Chain, an Arbitrum-based layer-2 network, as Robinhood's proprietary infrastructure for tokenized real-world assets, enabling on-chain financial products without third-party blockchains
- Bernstein projected onchain real-world assets will grow to $2–4 trillion by 2030 from roughly $35 billion today, with tokenized equities taking an increasing share beyond Treasury securities and private credit
- Alpaca and Broadridge integrated shareholder governance tools — proxy voting, investor communications, regulatory disclosures — into Alpaca's Instant Tokenization Network on Monday
- Securitize and Cantor Fitzgerald partnered last week to build infrastructure for blockchain-based IPOs and follow-on equity offerings within existing US securities regulations
- Tokenized stocks have grown to nearly $2 billion in market value this year, according to RWA.xyz
Why it matters: Bernstein's 23% price-target hike to $160 implies ~58% upside from HOOD's ~$101 trading level. The call is anchored by a 64% CAGR forecast for Robinhood prediction markets revenue ($1.7B by 2028) and a projection that onchain real-world assets will reach $2–4 trillion by 2030.
