Robinhood price target lowered to $100 from $135 at Needham

Needham lowered the firm’s price target on Robinhood (HOOD) to $100 from $135 and keeps a Buy rating on the shares. The company reported strong Q4 results which were in line with estimates, while the Prediction markets were a particular standout as January volumes have started off strong, coming in at an all-time-high for the company at 3.5B contracts, the analyst tells investors in a research note. Crypto metrics – both volumes and take rate – have weakened in FY26 however, alongside a pullback in options and equity activity as well, and the firm expects weakness in crypto volumes for the next two quarters before a slow rebound, Needham states.