The report says the launch of Robinhood Chain and the company's prediction markets business provide new growth drivers.
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StoneX starts Robinhood coverage with a target price of $170 driven by Robinhood Chain and the predictive markets. The Robinhood Chain entry triggers the use of Ethereum blobs: StoneX sees a +45% in HOOD aparece primero en Merca2.
StoneX started Robinhood's coverage with a purchase recommendation and a target price of $170, noting that Robinhood Chain and the predictive markets could become new engines of growth, despite the fall in revenue from cryptocurrencies.