Robinhood Prediction Markets to Hit $1.7B by 2028: Bernstein — SkimNews
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- Robinhood is projected to earn $1.7 billion from prediction markets by 2028, up from $650 million in 2024, according to Bernstein analysts.
- Bernstein raised its revenue forecasts for Robinhood by 3% for 2026, 4% for 2027, and 3% for 2028, citing stronger equities and crypto revenue assumptions.
- Prediction markets are expected to account for 18% of Robinhood’s total $9.4 billion revenue in 2028, exceeding the $1.6 billion forecast for crypto revenue that year.
- Bernstein maintains a $160 price target for HOOD stock despite raising revenue estimates, as shares trade below $94 in premarket activity and are down over 29% in the past year.
- Robinhood’s Q3 2026 revenue is expected to rise 13% quarter-over-quarter to $1.5 billion, driven by gains in equity, options, event contracts, and recovering crypto trading volume.
Why it matters: Prediction markets are now positioned to overtake crypto as Robinhood’s largest non-core trading revenue stream by 2028, shifting investor focus toward a newer, high-margin business line even as the stock remains under pressure. This reforecast signals a structural change in the company’s growth trajectory.
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