Core Insights - Robinhood Markets, Inc. reported record revenue of $1.27 billion for Q3, reflecting 100% year-over-year growth [1] - Analysts are optimistic about Robinhood's performance, particularly in its prediction markets and crypto business [2][3] Revenue Performance - The company achieved a record revenue of $1.27 billion in Q3, marking a 100% increase compared to the same quarter last year [1] - The prediction markets business is nearing a $300 million run-rate, becoming the 11th product area to exceed $100 million in annualized revenue within a year of its launch [2] Business Segments - The prediction markets business has grown to be comparable in size to Robinhood's equities trading business within a year of its launch [2] - The crypto business saw a significant rebound, with crypto volumes on the Robinhood app increasing by 40.6% quarter-over-quarter, and Bitstamp volumes rising by 70% [3] Analyst Ratings and Price Targets - Cantor analyst Brett Knoblauch maintained an Overweight rating on Robinhood and raised the price target from $130 to $155 [4] - Goldman Sachs also maintained a Buy rating and increased its price target from $170 to $181 [5] - Other analysts, including Barclays and Mizuho, raised their price targets, reflecting confidence in Robinhood's growth trajectory [7]