NEW YORK, December 29, 2025, 10:13 ET — Regular session
- Robinhood shares fell about 0.7% in morning trading after Needham cut its price target.
- The broker kept a “buy” rating, but reduced its target to $135 from $145, according to a MarketBeat report. MarketBeat
- Bitcoin and several brokerage peers were also lower, weighing on sentiment toward trading-platform names.
Robinhood Markets, Inc. shares slipped on Monday after Needham & Company lowered its price target, a modest reset in expectations for a stock that has been sensitive to shifts in outlook for retail trading.
The call matters now because Robinhood sits at the center of two volatile profit drivers — active trading and crypto — as investors head toward year-end positioning and into a new earnings cycle. Small changes in assumptions about customer activity can ripple through forecasts.
It also lands as crypto prices soften, a factor that can sway Robinhood’s transaction-based revenue, which includes fees tied to cryptocurrency and options trading.
Robinhood shares were down about 0.7% at $117.28 in morning trade, after moving between $115.69 and $118.88 earlier in the session, giving the company a market value of roughly $127 billion.
Needham cut its price target on Robinhood to $135 from $145 while keeping a “buy” rating, MarketBeat reported. MarketBeat
A price target is an analyst’s estimate of where a stock could trade over the next 12 months. Based on Monday’s price, Needham’s revised target still implies upside, but it trims the cushion the broker previously saw.
Brokerage and crypto-linked stocks were broadly softer: Interactive Brokers fell about 1.3%, Charles Schwab dipped about 0.6%, and Coinbase slipped about 0.3%. Bitcoin was down about 0.5%.
Robinhood’s results have improved alongside stronger retail engagement. In its last reported quarter, profit nearly quadrupled as trading activity rose across crypto, options and equities, Reuters reported.
In the company’s third-quarter results release, CEO Vlad Tenev said, “Our team’s relentless product velocity drove record business results in Q3 and we’re not slowing down.” Nasdaq
Investors now look ahead to the next earnings update. Nasdaq’s earnings page shows Robinhood is estimated to report on Feb. 11, 2026, noting the date is derived from an algorithm and not yet confirmed by the company.
The next report will test whether trading volumes stayed firm into year-end and how much of Robinhood’s momentum carries into early 2026, particularly if crypto prices keep swinging.
At current levels, the stock trades at about 58 times trailing earnings, leaving it exposed to further target cuts or any hint that growth is cooling.
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