Bernstein reiterates Outperform on Robinhood (HOOD) with $160 target, citing ~$33M in Robinhood Chain fees over the past 15 days
AI Market Summary
Bernstein reiterated an outperform rating and a $160 target for Robinhood, citing strong on-chain monetization: Robinhood Chain reportedly generated about $33M in fees over the past 15 days, outpacing Solana (~$11M) and BNB Chain (~$9M). The comparison frames Robinhood's blockchain initiative as a meaningful revenue driver, potentially improving near-term equity sentiment and attention to its crypto ecosystem exposure.
Impact level
● Medium
Affected assets
NCSKHOOD2USD/USDT-1.87%
AI Insight · NCSKHOOD2USD/USDTAI Insight
▲ Bullish
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Bernstein reiterated its Outperform rating on Robinhood (HOOD) and kept its $160 price target, implying about ~31% upside from the current level. The firm said Robinhood Chain led all blockchains with approximately ~$33M in fees over the past 15 days, far ahead of Solana at around ~$11M and BNB Chain at about ~$9M. The data underscores the strength of Robinhood’s on-chain business, according to Bernstein.
