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TechFlow news, November 26 — According to The Block, Bernstein analysts reported that prediction markets have become Robinhood's fastest-growing business line, with over 1 million users and annualized revenue exceeding $300 million. It currently holds 57% of Kalshi's market share. Bernstein maintains its "Outperform" rating on Robinhood, with a target price of $160, representing a 38% upside from the current stock price.
According to The Block, Bernstein analysts report that the prediction market has become Robinhood's fastest-growing business line, with over 1 million users and annualized revenue exceeding $300 million, currently capturing 57% of Kalshi's market share. Bernstein maintains its "outperform" rating on Robinhood with a target price of $160, representing 38% upside from current levels.
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