According to CoinMeta, Robinhood stock rebounded by more than 2% on Thursday, and Bernstein maintained its target price of $160, believing that tokenization and predictive markets can offset the impact of weak crypto trading. On Friday, the trading price of Robinhood stock in the market was $88.55, up about 2.25% from the previous trading day. Despite the rebound, Hood is still about 26% lower than its July high of $120. Bernstein maintained its “outperforming the market” rating and $160 target price after the release of Robinhood’s second-quarter earnings. This target price represents a potential upside of about 81% compared to the closing price on Thursday. Goldman Sachs also maintained a buy rating, but lowered its 12-month target price from $137 to $118. Bernstein also noted that Robinhood’s Rothera exchange was launched in June, handling over 3.5 billion contracts, with about 2.1 billion contracts traded in the second quarter, generating $17 million in revenue. Total event contract revenue reached $156 million this quarter, exceeding the $100 million generated by crypto trading.