Robinhood price target lowered to $90 from $100 at Needham

Needham analyst John Todaro lowered the firm’s price target on Robinhood (HOOD) to $90 from $100 and keeps a Buy rating on the shares. The company’s March metrics showed slowing growth across its platform, the analyst tells investors in a research note. Needham cut estimates in nearly every Robinhood segment for Q1. Robinhood is the “farthest along financial services platform” in becoming a “financial super app,” but its recent volume metrics and lowered net interest revenue reflect a more muted environment, the analyst tells investors in a research note. Needham also cut the company’s fiscal 2026 and 2027 revenue estimates, citing lower expected trading volumes and lower net interest revenues.