Bernstein raised its revenue estimates for Robinhood Markets (HOOD) for 2026, 2027 and 2028 by 3%, 4% and 3% respectively, and kept its $160 price target unchanged. The firm expects prediction markets to grow from about $650 million this year to $1.7 billion in 2028, surpassing projected crypto-based revenue of $1.6 billion and accounting for roughly 18% of the projected $9.4 billion in total 2028 revenue. Bernstein expects Q3 revenue to rise 13% quarter over quarter to around $1.5 billion, driven by equity, options and event contract volumes and a recovery in crypto trading. HOOD was set to open lower, with premarket trading at $93.60, and is down more than 29% over the past 12 months.
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