NEW YORK, December 30, 2025, 10:38 ET — Regular session
- Robinhood shares fell about 0.7% in morning trading.
- Needham lowered its price target on the stock while keeping a Buy rating.
- Investors are focused on a scheduled December “trading color” update after the close.
Robinhood Markets (HOOD.O) shares fell 0.7% to $116.64 by 10:38 a.m. ET on Tuesday, with the stock trading between $116.14 and $118.06.
The move comes as investors look for fresh signals on retail trading demand into year-end, with Robinhood expected to publish a December activity snapshot after the closing bell.
Needham lowered its price target on Robinhood to $135 from $145 while reiterating a Buy rating, citing expectations that crypto trading volumes stay weak for the next couple of quarters. A price target is an analyst’s estimate of where a stock could trade over the next 12 months.
The broader market was subdued at the open after renewed selling in technology shares the prior session, with the S&P 500 and Nasdaq little changed at the bell.
“This is (not) the beginning of the end of the tech dominance, it’ll turn out to be a buying opportunity,” Hank Smith, director and head of investment strategy at Haverford Trust, said in a market note that also flagged Fed minutes and weekly jobless claims as key near-term macro events. Reuters
Peers were mixed: Coinbase (COIN.O) was down 0.4%, Charles Schwab (SCHW.N) fell 0.5%, while Interactive Brokers (IBKR.O) was up 0.3% in morning trade.
Robinhood’s results are closely tied to how much customers trade, especially in options and crypto, as well as to interest income the firm earns on customer cash and margin loans.
Investors are also watching Robinhood’s investor calendar, which lists an anticipated release of its December “Month-to-Date Trading Color” at 4:05 p.m. ET. “Trading color” is market shorthand for a brief, informal snapshot of activity. Robinhood Investors
The company’s last monthly update, released in December for November activity, showed equity notional volume — the dollar value of shares traded — of $201.5 billion, with options and crypto volumes down from October levels.
Tuesday’s update is expected to be the next check on whether December activity improved into quarter-end, particularly in crypto and options, after the softer month-to-month trend in November.
Traders will also be watching whether the update points to steadier customer assets and deposits in the final weeks of the year, which can influence interest income and securities-lending revenue.
In the near term, the stock’s early range around the $116 level is in focus for traders in a session likely to be shaped by lighter holiday liquidity and any late-day data points from the company.
The next major fundamental milestone is Robinhood’s quarterly results: the company is estimated to report earnings on Feb. 11, 2026, according to Nasdaq data.
For the rest of Tuesday, investors are likely to look past small index moves and focus on whether the company’s after-close activity readout aligns with expectations for a pickup in trading into the end of the quarter and the start of 2026.
