Bernstein Affirms Outperform Rating for Robinhood with $160 Target Price

Bernstein, a research and brokerage firm, has reaffirmed its outperform rating for Robinhood Markets, setting a target price of $160. The firm highlights the success of Robinhood's newly launched Layer 2 network, Robinhood Chain, which has reportedly generated around $39 million in fees since its inception on July 1, 2026. Analysts project that annualized fees could reach $160 million by 2028, indicating strong growth potential for the platform.

In the past 15 days, Robinhood Chain has outperformed other blockchain networks, accumulating approximately $33 million in fees, significantly surpassing Solana and BNB Chain, which generated about $11 million and $9 million, respectively. Robinhood retains about 90% of the fees generated, while Arbitrum, the technology provider, receives around 10%, and less than 1% is allocated to Ethereum for data fees.

The value of tokenized stocks on Robinhood Chain has surged from roughly $10 million to $140 million over the last two months, representing about 32% of the value of tokenized equity transfers in the week of August 30, 2026. Additionally, the total supply of stablecoins on the chain has increased dramatically to approximately $1 billion, up from $241 million in early July, with USDG and USDe making up the majority of this supply. Despite a recent decline in Robinhood's stock price, which fell 2.09% to close at $122.11, the target price suggests a potential upside of about 31%.

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Source: KLEA News