Needham Trims Robinhood (HOOD) PT to $135 on Sluggish Crypto Trading Outlook

Robinhood Markets Inc. (NASDAQ:HOOD) is one of the hottest large-cap stocks of 2025. On December 29, Needham lowered the firm’s price target on Robinhood to $135 from $145 with a Buy rating on the shares. This sentiment was posted as the firm reduced its projections and price targets for the cryptocurrency sector, anticipating a prolonged slump in trading volume over the next few quarters. Needham noted that even if prices have bottomed out, retail participation is unlikely to recover until market momentum significantly improves.

However, earlier on December 22, Morgan Stanley raised the firm’s price target on Robinhood to $147 from $146 and kept an Equal Weight rating on the shares. According to the firm, strong transaction levels across exchanges and brokerages during Q4 suggest a slight upside to current forecasts. Consequently, the analyst is increasing Q4 EPS estimates by an average of 5%, which brings the firm’s projections in line with the broader market consensus.

Needham Trims Robinhood (HOOD) PT to $135 on Sluggish Crypto Trading Outlook

Additionally, Barclays analyst Benjamin Budish also increased the price target for Robinhood Markets Inc. (NASDAQ:HOOD) to $171, up from $168, on December 12, while maintaining an Overweight rating. This adjustment followed a broader 2026 strategic review of the financial services sector. Budish expects a favorable environment in the coming year for wealth brokers and alternative asset managers, but he remains cautious regarding exchanges and traditional asset managers, citing a more unpredictable outlook for those sub-sectors.

Robinhood Markets Inc. (NASDAQ:HOOD) operates a financial services platform in the US. Its platform allows users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies.

While we acknowledge the potential of HOOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.