Bernstein believes Robinhood will see a rise after incorporating the S&P 500 and driving tokenization

Robinhood has grown from a speculative retail trading center to a financial “super application” and has huge growth potential after being included in the S&P 500, Bernstein analysts said. The company currently controls 12% of U.S. stock and cryptocurrency retail transaction revenue, with stock options accounting for 24% and cryptocurrency market share approaching 30%. Revenue is expected to grow from $2.9 billion in 2024 to $6.8 billion in 2026 with a target share price of $160. Entering wealth management and blockchain tokenization is seen as a key opportunity in the future.