Robinhood Stock Surges After Bernstein’s $130 Call, but Truist Flags Revenue Pressure
Robinhood shares rose about 10% Tuesday after Bernstein reaffirmed an Outperform rating and $130 price target, despite Truist cutting its target to $100. The stock traded at $78.75. Bernstein’s revenue and earnings forecasts for 2026 are well above consensus, driven by bullish crypto and prediction market estimates. Robinhood’s event-contract business faces legal uncertainty, with a key court hearing set for April 16.