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Bernstein cuts Coinbase target to 250 dollars and sees prediction markets driving Robinhood and Coinbase revenue by 2028, The Block reports
- Bernstein cuts Coinbase target to 250 dollars and sees prediction markets driving Robinhood and Coinbase revenue by 2028, The Block reports — The Block reports Bernstein maintained outperform ratings on Coinbase, Robinhood and Circle on October 26 while cutting its Coinbase price target to 250 dollars from 330 dollars and lowering its 2026 Coinbase revenue forecast by about 32 percent to 5.5 billion dollars. Bernstein expects Coinbase prediction market and derivatives revenue to reach about 2 billion dollars by 2028 and Robinhood prediction market revenue to reach 1.7 billion dollars in 2028, ahead of its projected crypto revenue. (The Block)
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