Bernstein: Robinhood Chain Fees Top Solana and BNB, 31% Upside to $160
HOOD sits 88% above its 52-week low of $63.515.
Summary
Bernstein maintained Outperform with a $160 target, citing Robinhood Chain's rapid monetization. The Layer-2 network is generating $2M-$4M in daily fees, totaling $33M over 15 days—more than Solana and BNB Chain combined. Robinhood keeps ~90% of fees. Tokenized stock value on the chain jumped from $10M to $140M in two months, and stablecoin supply hit $1B. This follows the chain's July launch and Q2 record revenue; the note quantifies a new earnings stream that could materially boost future results.
At the time of this announcement, HOOD was trading at $119.72 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $109.8B. The 52-week trading range was $63.52 to $153.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: The Block.