Robinhood stock slips today after Needham trims target — traders eye 4:05 p.m. activity update
Robinhood shares slipped 0.7% to $116.64 in morning trading Tuesday after Needham cut its price target to $135, citing weak crypto volumes, but kept a Buy rating. Investors are awaiting Robinhood’s December trading update due after the close. Peers Coinbase and Charles Schwab also traded lower. The S&P 500 and Nasdaq opened little changed.