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Bernstein gives Robinhood stock "outperform" rating with a target price of $160

Source: Htx
According to Huobi HTX, Bernstein analysts believe that Robinhood is no longer just a speculative retail trading platform, but is developing into a comprehensive financial "super application". The company will officially be included in the S&P 500 index on September 22. Robinhood's current share of the U.S. stock and cryptocurrency retail transaction revenue market has risen to 12% from 7% two years ago, the report shows. Bernstein gave Robinhood stock a "outperform" rating with a target price of $160. The company expects Robinhood revenue to grow from $2.9 billion in 2024 to $6.8 billion in 2026.
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