Reported about 4 hours ago
Robinhood's stock surged 5% after Compass Point analysts raised their price target from $105 to $161, highlighting significant revenue growth from equity transactions and the company's new prediction markets. Analyst Ed Engel anticipates that Robinhood is set to outperform its Q4 expectations, forecasting around $20 million in revenue from prediction markets for Q3, which could increase to approximately $50 million in Q4 as NFL season progresses. The report notes that Robinhood's crypto revenue is also expected to rise significantly.
Source: YAHOO