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Bernstein sees prediction markets and derivatives driving Coinbase and Robinhood revenue as it cuts Coinbase target to 250 dollars, The Block reports
- Bernstein sees prediction markets and derivatives driving Coinbase and Robinhood revenue as it cuts Coinbase target to 250 dollars, The Block reports — Bernstein kept Outperform ratings on Coinbase, Robinhood and Circle in a Monday report ahead of third-quarter earnings, cutting Coinbase's target to 250 dollars from 330 dollars while expecting prediction markets and derivatives to generate roughly 2 billion dollars for Coinbase by 2028. For Robinhood it expects prediction market revenue of 1.7 billion dollars in 2028 and a 21 percent quarter-over-quarter jump in event contract volume to about 16.4 billion contracts. (The Block)
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