NEW YORK, December 29, 2025, 17:11 ET — After-hours
- Robinhood shares dipped in extended trading after Needham lowered its price target while keeping a buy rating.
- Bitcoin eased and Coinbase fell, adding pressure to crypto-exposed trading platforms.
- Investors are watching Robinhood’s next trading update and a thin holiday week for fresh direction.
Robinhood Markets, Inc. shares fell 0.6% to $117.43 in after-hours trading on Monday, outside the regular 9:30 a.m. to 4 p.m. session, after Needham cut its price target to $135 from $145 while reiterating a buy rating. The brokerage trimmed estimates across the crypto-asset sector, saying it expects continued weakness in crypto trading volumes for the next couple of quarters and that retail activity often stays muted until momentum returns. The stock traded between $115.69 and $118.88 during the session, with about 15.3 million shares changing hands.
The call matters late in the year because Robinhood has become a high-beta proxy for retail risk appetite, and expectations have climbed after a strong run. The stock is up about 215% in 2025, leaving less room for disappointment if trading activity slows into the turn of the calendar.
Crypto price swings remain a key swing factor for sentiment in the name. Bitcoin slipped 0.6% to about $87,016 on Monday, while crypto exchange Coinbase fell 1.3%, keeping the broader group on the back foot into year-end.
The broader tape offered little help. Wall Street’s main indexes ended lower on Monday as heavyweight technology stocks retreated from recent gains, and trading volumes ran below recent averages in the holiday week, Reuters reported. “This is (not) the beginning of the end of the tech dominance, it’ll turn out to be a buying opportunity,” said Hank Smith, director and head of investment strategy at Haverford Trust. Investors also have Federal Reserve minutes and weekly jobless claims on the calendar in an otherwise light week, with U.S. markets closed Thursday for New Year’s Day, the report said. Reuters
Robinhood runs a consumer-focused financial services platform that includes brokerage and crypto trading, as well as subscription products such as Robinhood Gold. That mix makes the stock sensitive to shifts in customer trading activity and broader risk appetite.
A price target is an analyst’s estimate of where a stock could trade over the next 12 months. Needham’s cut highlights a common concern for the sector: crypto prices can stabilize, but customer trading volumes — the amount clients trade — often lag until volatility and momentum return.
The company’s own monthly data have shown how quickly activity can swing. In its most recent operating update, Robinhood said crypto notional trading volumes were $28.6 billion in November, down 12% from October, alongside declines in equity and options volumes from the prior month.
Traders now have a near-term checkpoint. Robinhood’s investor events calendar lists an anticipated release of “December Month-to-Date Trading Color” on Tuesday at 4:05 p.m. ET. Robinhood Investors
That update is likely to drive the next move as investors look for evidence that crypto and options activity improved into the final weeks of the quarter. Traders will also watch whether customer flows stay steady after a volatile month for digital assets.
On the chart, Monday’s $115.69 intraday low is a level short-term traders will have in view after the stock’s pullback. A push back toward the day’s $118.88 high would ease immediate pressure, but the next data point on customer activity may matter more than technical signals in thin holiday trading.
For now, HOOD is trading like the intersection of crypto sentiment and retail risk appetite. If crypto volumes remain soft, Wall Street will look for the company to offset it with steadier income streams — and for signs, in the next update, that the holiday lull did not turn into something more lasting.
