Robinhood price target lowered to $135 from $145 at Needham

Group 1 - Needham has lowered the price target on Robinhood (HOOD) to $135 from $145 while maintaining a Buy rating on the shares [1] - The firm has reduced its estimates and price targets across the cryptoasset sector due to anticipated continued weakness in crypto volumes over the next couple of quarters [1] - The analyst indicates that even if crypto prices are nearing a bottom, retail volumes are expected to remain muted until market momentum returns [1]