Truist, Compass Point boost Robinhood targets on prediction markets growth
Truist Securities reiterated a Buy rating and $130.00 price target on Robinhood stock, citing growth in prediction markets and event contracts. The firm noted a record June for prediction markets at Robinhood and referenced Rothera, the CFTC-regulated event contracts exchange managed through a joint venture. Compass Point also raised its price target on the stock. The analyst endorsements highlight Robinhood's expansion into event contracts as a driver of equity value.
Analyst validation turns Robinhood's prediction markets from an experimental vertical into a priced-in revenue driver. The $130 target signals that equity investors now model event-contract economics directly, not as a footnote to crypto trading. That pressures Robinhood to choose between scaling on Kalshi's rails or accelerating Rothera, its joint-venture exchange. Every upgrade raises the stakes of that decision: analysts will soon demand clarity on whether Robinhood owns the stack or rents it.
Bernstein's call that prediction markets could surpass crypto revenue this year gives that demand a hard timeline and a $1.7 billion threshold. Kalshi and ForecastEx face shrinking negotiating room as Robinhood's 27.4 million accounts become leverage for better terms or an exit to in-house infrastructure. The platform that wins Robinhood's volume long-term will shape brokerage distribution for the rest of the sector.