According to external sources, Bernstein increased the target price of Robinwood from $130 to $160 and maintained the “Big Runs and Wins” rating. The focus of its judgement is no longer only on traditional brokering, but rather on predicting the new revenues generated by markets, sustainable contracts, monetized shares and chained products.
Target price up points to new business.
Bernstein believes that Robinwood already has a strong user distribution capability. The article mentions that the Platform has approximately 27 million funded accounts and 14 million live users, and that new products can reach existing clients more quickly and the cost of acquiring customers is relatively low.
According to its projections, the share of markets, durability contracts, tokenized stocks and block-chain products in the total income of Robinwood is expected to rise from 3 per cent in 2025 to 18 per cent in 2027 and to 23 per cent in 2028.
Projected faster growth in market revenues
Bernstein is the best predictor of several new operations. The agency projects that this part of the income can increase at an average annual rate of 64 per cent between 2026 and 2028, approaching $1.7 billion at the end of the year.
According to the article, by the second quarter of 2026, it was projected that market revenues might exceed the encryption operations of Robinwood. Market revenues are projected to be around $150 million during the season, while revenues from encryption operations may be strained by a slowdown in transaction activity.
The Rotha Exchange, launched by Robinwood in May, was also seen as an important basis for this judgement. Bernstein claims that the platform has processed more than 3.5 billion projected contracts, of which about 93 per cent were traded from FIFA World Cup-related markets.
The chain business continues to be appreciated.
In contrast to the projected market, Bernstein reduced the projected income from encryption operations by 49 per cent to Robinhod 2026. The reason for this is that the growth of encryption transactions has slowed down since this year, slowing down short-term income judgements.
However, according to the article, the total warehouse value of Robinhood Chain, based on Arbitrum, has exceeded $400 million. Bernstein predicts that the annual turnover of the network's go-to-centre exchange is close to $20 billion, and that the annual chain fee revenue is about $50 million.
In terms of profit projections, Bernstein currently expects Robinhood to earn $4.56 per share in 2028, about 39 per cent higher than the consistent Wall Street projection. This is one of the main reasons for increasing the target price to $160.