Robinhood Predicts Market Revenue to Reach $1.7 Billion by 2028, Exceeding Crypto Business Revenue

Digital trading platform Robinhood Markets predicts that its market revenue will reach $1.7 billion by 2028, surpassing the expected crypto business revenue of $1.6 billion during the same period. Bernstein analysts expect market revenue to grow from approximately $650 million this year to $1.7 billion by 2028, accounting for about 18% of the company's projected total revenue of $9.4 billion that year. Analysts also raised Robinhood's revenue expectations for 2026, 2027, and 2028 by 3%, 4%, and 3% respectively, maintaining a target price of $160. The company is expected to see a 13% quarter-over-quarter revenue increase in the third quarter to approximately $1.5 billion, primarily driven by growth in nominal stock trading volume, options trading volume, and event contract trading volume, as well as a rebound in crypto trading volume.

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