Bernstein Maintains 'Outperform' Rating on Robinhood with $160 Price Target

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Bernstein maintains its 'Outperform' rating on Robinhood with a $160 price target, citing strong on-chain data. The firm noted that Robinhood Chain, launched in July, has a TVL of $1.5 billion and DEX volume exceeding $50 billion. On-chain analysis reveals daily fees of $2–4 million, with $33 million in fees generated over 15 days. The network ranks as the top blockchain in terms of revenue.

火星财经消息，September 9, Bernstein analysts maintained their “Outperform” rating and $160 price target on Robinhood Markets, stating that its newly launched Layer 2 network has rapidly become a profit driver for the company. In a report sent to clients on Tuesday, led by Gautam Chhugani, Bernstein analysts noted that Robinhood Chain has experienced rapid growth since its launch on July 1. The network’s total value locked (TVL) has now reached approximately $1.5 billion, with decentralized exchange (DEX) trading volume exceeding $50 billion. The analysts wrote: “The chain is now generating profits.” They noted that Robinhood Chain’s transaction fees currently range from $2 million to $4 million per day. Over the past 15 days, Robinhood Chain’s fee revenue ranked first among all blockchains, reaching approximately $33 million—surpassing Solana’s $11 million and BNB Chain’s $9 million.

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