BUZZ-Robinhood Markets extend losses after Needham cuts PT
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Robinhood Marketsshares fell 6.6% to $41.11 after Needham analysts reduced their price target from $70 to $62, citing decreased crypto trading volumes. Despite a projected $100 million revenue boost from its prediction markets in 2025, macroeconomic challenges are expected to impact crypto volumes more significantly than equities. The stock is on track for its fourth consecutive session of losses and a second consecutive month of declines, although it remains up approximately 11% year-to-date. The average rating among 21 analysts is "BUY" with a median price target of $63.50.
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