Keefe, Bruyette & Woods Adjusts Price Target on Robinhood Markets to $115 From $105
Analyst firm Keefe, Bruyette & Woods has increased its price target for Robinhood Markets, Inc. from $105 to $115.
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Robinhood has initiated legal action against the state of Missouri and its Attorney General to prevent the enforcement of state gambling laws regarding its prediction market offerings.
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Analyst firm Keefe, Bruyette & Woods has increased its price target for Robinhood Markets, Inc. from $105 to $115.
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Robinhood has ceased offering new sports event contracts in Ohio following a cease-and-desist order from the Ohio Casino Control Commission.
Robinhood's prediction market (event contracts) business surged 6x year-over-year to $173 million in Q3 2026, exceeding crypto revenue and helping offset a 55% decline in the crypto segment. While the prediction market business shows strong growth potential and could reach $1 billion+ in annual revenue, regulatory risks remain as the industry operates in a 'Wild West' phase with potential for future disruption.