Bernstein Sees 78% Upside for Robinhood as Crypto Infrastructure Metrics Surge
HOOD sits 39% above its 52-week low of $63.515.
Summary
Bernstein maintained an Outperform rating and $160 price target on Robinhood, implying 78% upside from the $89.84 close. The note highlights Robinhood's shift from crypto trading to tokenization infrastructure, with Robinhood Chain surpassing $12B in DEX volume and 150M transactions, Robinhood Earn attracting over $200M in deposits, and Stock Tokens available in 120+ countries. Rothera exchange processed 3.5B+ contracts, generating $17M in Q2 revenue, while event-contract revenue hit $156M, overtaking crypto trading's $100M. The analysts cut 2026 crypto trading revenue estimates by 49% on weaker industry volumes but see the infrastructure buildout as the next growth driver. This follows Robinhood's record Q2 results reported two days ago, adding a bullish analyst perspective with fresh operational metrics.
At the time of this announcement, HOOD was trading at $88.25 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $78B. 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.