Bernstein Reaffirms $160 HOOD Target, Citing 78% Upside From Crypto Expansion

Bernstein maintains $160 price target for Robinhood, projecting 78% upside driven by Bitstamp integration, tokenized stocks, and new yield products.

Woofun AI reports that Bernstein analysts have reiterated a $160 price target for Robinhood Markets (HOOD), implying a 78% upside from current levels. The firm attributes this valuation to the platform’s expansion into cryptocurrency and related financial products, including the integration of crypto exchange Bitstamp, the launch of Robinhood Chain, and the introduction of tokenized stocks. Bernstein highlights that these initiatives aim to diversify revenue streams beyond traditional equity trading, with the Bitstamp acquisition expected to accelerate institutional and international presence.

Additionally, Robinhood Earn, a yield-bearing product for idle cash, is cited as a factor in increasing user engagement and retaining assets on the platform.