Needham lowered the firm’s price target on Robinhood (HOOD) to $85 from $95 but keeps a Buy rating on the shares. The company posted a narrow miss on its Q1 revenue, but while its Q1 trading activity declined sequentially, April is on track to be the highest volume month of 2026 in equities and options, the analyst tells investors in a research note. Crypto remains muted with a large portion of contribution coming from lower margin Bitstamp, but prediction markets were a standout, with Q1 seeing a record 8.8B in contracts traded, Needham added.
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