Robinhood (HOOD) Stock: Analyst Predicts 50% Rally Despite Q1 Weakness
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Analyst Gautam Chhugani from Bernstein maintains an Outperform stance on Robinhood stock, predicting a 50% rally despite Q1 weakness. The analyst cites potential growth in cryptocurrency and prediction markets as key drivers.
Robinhood shares have risen 33% since late March but remain 23% lower year-to-date. Bernstein analyst Gautam Chhugani maintains an Outperform recommendation with a $130 target, representing 50% potential gains. Chhugani believes Q1 weakness is already reflected in current valuations. He projects Robinhood's cryptocurrency revenues to grow 23% annually to $1.1 billion in 2026, exceeding Street consensus by 31%. Prediction market revenues are expected to surge 286% to $586 million in 2026. The analyst highlights the potential for growth in cryptocurrency and prediction markets, citing the acquisition of Bitstamp as a key differentiator.
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