Bernstein: Robinhood's Q2 projected market revenue is expected to surpass crypto revenue, target price raised to $160
According to Odaily, Bernstein analyst Gautam Chhugani stated in a post about a certain exchange that its prediction market revenue is expected to surpass its cryptocurrency trading business revenue as early as the second quarter of this year. It is anticipated that by 2028, the exchange's annual prediction market revenue will approach 2 billion US dollars.
In addition, Bernstein has raised the target price for HOOD from 130 US dollars to 160 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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