Robinhood's stock price target was raised to $140 from $127 by analysts, driven by deals with Crypto.com and OG.com as part of a push into prediction markets. The partnerships signal Robinhood's strategic expansion into the event-contracts space, leveraging its existing retail trading user base and regulatory footprint.

Robinhood's entry into prediction markets through partnerships with Crypto.com and OG.com puts competitive pressure on native platforms like Kalshi and Polymarket. The analyst upgrade reflects confidence that Robinhood's scale and existing user base can capture meaningful share in the growing event-contracts market.