Cantor and Deutsche Bank tie Robinhood prediction markets to stock upside
Cantor Fitzgerald raised its price target on Robinhood, citing a prediction-markets venture that the firm says Wall Street has not yet priced into the stock. The move follows separate notes from Deutsche Bank analysts this week flagging Robinhood's push into prediction markets as a potential catalyst to turn around the stock's recent struggles. Deutsche Bank nor Cantor provided specific price targets or volume projections, though Cantor called prediction markets among Robinhood's fastest-growing business lines. The coverage arrives as Robinhood expands beyond its retail trading roots into event-contract products.
Cantor's price-target hike means Robinhood's event-contract expansion is now showing up in sell-side models, not just product roadmaps. Any miss on prediction-market traction will directly hit the valuation support Wall Street is beginning to bake in.