Analysts at Bernstein have revised their revenue estimates for Robinhood, HOOD, projecting significant growth through 2026 and 2028. According to the updated forecast, HOOD's revenue is expected to reach $1.7B by 2028, surpassing the crypto market's total revenue. The analysts maintained their price target for HOOD at $160, unchanged from the previous estimate. The updated revenue estimates are a result of HOOD's increasing user base and expanding product offerings, which are driving growth in the company's revenue. The analysts' revised forecast highlights the significant opportunity for HOOD to capitalize on the growing demand for cryptocurrency trading and investment services.
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.