Bernstein Upgrades Robinhood's Target Price on Tokenization and Prediction Market Strategy

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According to Cointelegraph, Bernstein upgraded Robinhood's target price today (July 21), citing the brokerage's blockchain strategy as a key growth driver. The upgrade reflects expectations that tokenized stocks and Robinhood Chain, built on Arbitrum, will diversify the platform's revenue streams beyond volatile cryptocurrency trading. The analyst noted that Robinhood's expansion into prediction markets represents another potential growth avenue. Robinhood Chain is expected to enable more efficient trading and asset tokenization.
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