Bernstein: Robinhood is affected by short-term "crypto sentiment," but we maintain our "outperform" rating.

According to ME News, on February 11th (UTC+8), Bernstein stated that although Robinhood's stock price was under short-term pressure due to declining crypto revenue, the firm believes this is merely a temporary "crypto market sentiment fluctuation" and maintains its $160 price target and "outperform" rating, representing approximately 87% upside from the recent closing price. The analyst also emphasized that the rapid growth of its prediction market business will drive Robinhood's rise, with data showing that this business already accounts for approximately 14% of Robinhood's transactional revenue and approximately 8% of its total revenue. The platform's prediction market trading volume reached 8.5 billion contracts in the fourth quarter, higher than previously expected, and the volume is projected to reach 4 billion contracts by early 2026, with a full-year forecast of 27 billion contracts. (Source: ME)