Bernstein gives Robinhood a rating of outperform with a target price of $160.

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Golden Finance reports that Bernstein analysts believe that Robinhood is no longer just a speculative retail investor trading platform, but is evolving into a comprehensive financial super app. The company will officially be included in the S&P 500 index on September 22. The report shows that Robinhood's market share in the United States for retail trading revenue in stocks and Crypto Assets has risen from 7% two years ago to 12%. Bernstein assigned Robinhood a stock outperform rating with a target price of $160. The firm expects Robinhood's revenue to grow from $2.9 billion in 2024 to $6.8 billion in 2026.

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