Analysts said this week that Robinhood’s revenue from prediction markets could surpass its cryptocurrency trading revenue as early as the second quarter.
Zhitong Finance APP learned that analysts at investment banks Bernstein and Piper Sandler stated this week that trading platform $Robinhood (HOOD.US)$ could see revenue from prediction markets surpass cryptocurrency trading revenue as early as the second quarter.
Bernstein analyst Gautam Chhugani wrote in a client report on Monday that the three months ending in June could become the quarter when ‘prediction market revenue exceeds cryptocurrency revenue for the first time.’ Chhugani, who maintains an equivalent of a ‘buy’ rating on the stock, raised his price target for Robinhood to…
