Bernstein Sticks to Bullish HOOD View as Price Target Rises to $160
Bernstein SocGen Group maintained its bullish view on Robinhood Markets (NASDAQ: HOOD), reaffirming an 'Outperform' rating and setting a price target of $160 per share. The company's shares traded at $123.55 as of September 8, 2026, marking an 18% weekly gain.
The Robinhood Chain network generated $33 million in fees during its first 15 days of operation following its technical launch on July 1. This performance allowed the new chain to temporarily surpass both Solana and BNB Chain in direct fee capture, with a run rate representing an operational daily average between $2 million and $4 million.
Robinhood's corporate gross profit margin reached 92% at the conclusion of the period's financial reviews. Bernstein's models indicate that broadening digital dollar yield integrations through protocols such as Morpho could cement longer-duration institutional balances.