Robinhood May Hit $160 On 100% Revenue Growth By 2026: Bernstein

Bernstein analysts on Tuesday raised Robinhood‘s (NASDAQ:HOOD) price target to $160, citing expectations that the trading platform’s revenue will surge from $2.9 billion in 2024 to $6.8 billion by 2026.

This projection reflects a compound annual growth rate (CAGR) of over 51.7%.

The new target implies a 36% upside from Robinhood’s Sep. 8 closing price of $117.28.

Bernstein reaffirmed its outperform rating, calling Robinhood’s inclusion in the S&P 500 “very deserving” and pointing to the firm’s rapid market share expansion across both equities and crypto.

The company now commands 30% …

Full story available on Benzinga.com