Analyst boosts rallying crypto stock's target by 50%

Analysts at the brokerage firm Bernstein have raised the price target for Robinhood Markets (Nasdaq: HOOD) by more than 50%.

Bernstein analysts, led by Gautam Chhugani, raised the price target from $105 to $160 and shared an "Outperform" rating for the equity and crypto trading exchange.

Robinhood's crypto trading volume on the app growing 110% month-over-month (MoM) to reach $16.8 billion in July, as well as robust equities and options trading activity, are among the factors the analysts mentioned for their bullish outlook on the stock.

In addition, Robinhood's acquisition of Bitstamp to boost its institutional user base and the launch of tokenized stocks in Europe are also among the factors Bernstein analysts mentioned in their note.

“Robinhood’s diversified model offers crypto upside without the same volatility as pure-play exchanges.”

Bernstein expects Robinhood's diversified business model to help grow its earnings per share (EPS) by 53% per year on average through 2027.

Notably, Robinhood announced the launch of pro and college football prediction markets in partnership with Kalshi on Aug. 19.

The prediction markets are currently available across the U.S. through a Commodity Futures Trading Commission (CFTC)-regulated exchange and accessible on Robinhood's derivatives accounts.

“Football is far and away the most popular sport in America,” said JB Mackenzie, VP & GM of Futures and International at Robinhood. “Adding pro and college football to our prediction markets hub is a no-brainer for us as we aim to make Robinhood a one-stop shop for all your investing and trading needs.”

The HOOD stock closed at $106.30 on Aug. 21, up 1.88% in a month.

This story was originally reported by TheStreet on Aug 22, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

View Comments