Bernstein raises Robinhood’s target share price, saying tokenization and prediction markets are its growth drivers

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PANews July 21 news: According to Cointelegraph, the investment research firm Bernstein raised Robinhood’s target share price, citing that the broker’s blockchain strategy—including tokenized stocks and the Arbitrum-based Robinhood Chain—could reduce its reliance on traditional cryptocurrency trading. Analysts noted that Robinhood is actively expanding its blockchain business through tokenized stocks and its own blockchain network, aiming to lower dependence on trading revenue from more volatile cryptocurrencies. These initiatives are expected to help Robinhood diversify its revenue sources and improve its competitiveness in the digital assets space. Robinhood Chain, which is built on Arbitrum technology, is expected to support more efficient trading and asset tokenization. In addition, the prediction market is also seen as a potential area for Robinhood’s future growth. The report emphasized that Robinhood’s blockchain strategy is not limited to cryptocurrency trading, but instead extends into a broader fintech domain, which could attract more users and increase platform stickiness.
HOOD7.25%
ARB-0.53%
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