Needham Trims Robinhood (HOOD) PT to $135 on Sluggish Crypto Trading Outlook

Robinhood Markets Inc. (NASDAQ:HOOD) is one of the hottest large-cap stocks of 2025. On December 29, Needham lowered the firm’s price target on Robinhood to $135 from $145 with a Buy rating on the shares. This sentiment was posted as the firm reduced its projections and price targets for the cryptocurrency sector, anticipating a prolonged slump in trading volume over the next few quarters. Needham noted that even if prices have bottomed out, retail participation is unlikely to recover until market momentum ...