Needham & Company LLC Lowers Robinhood Markets (NASDAQ:HOOD) Price Target to $90.00

Robinhood Markets (NASDAQ:HOOD) had its price target lowered by equities researchers at Needham & Company LLC from $100.00 to $90.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 30.62% from the company’s current price.

A number of other research analysts have also weighed in on HOOD. Loop Capital set a $130.00 price target on shares of Robinhood Markets in a research note on Monday, February 9th. Wall Street Zen downgraded shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a report on Friday, March 27th. KeyCorp reduced their target price on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. Finally, Mizuho lowered their target price on Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $117.58.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $68.90 on Thursday. Robinhood Markets has a 1 year low of $29.66 and a 1 year high of $153.86. The business has a 50-day moving average of $78.59 and a two-hundred day moving average of $109.83. The company has a market capitalization of $62.03 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.63 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.01 EPS. Robinhood Markets’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities analysts anticipate that Robinhood Markets will post 1.35 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. Following the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $45,611,250. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total transaction of $754,900.00. Following the completion of the transaction, the insider directly owned 452,849 shares in the company, valued at approximately $34,185,571.01. This represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 469,268 shares of company stock valued at $54,409,454 over the last three months. Company insiders own 14.47% of the company’s stock.

Institutional Trading of Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in HOOD. Vanguard Group Inc. increased its position in Robinhood Markets by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after buying an additional 1,334,443 shares during the period. State Street Corp boosted its position in shares of Robinhood Markets by 2.7% in the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after acquiring an additional 875,297 shares during the period. Geode Capital Management LLC boosted its position in shares of Robinhood Markets by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after acquiring an additional 356,902 shares during the period. Morgan Stanley grew its stake in shares of Robinhood Markets by 23.9% in the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after acquiring an additional 2,061,832 shares in the last quarter. Finally, Norges Bank bought a new position in Robinhood Markets during the fourth quarter worth about $1,202,160,000. 93.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Banking deposits top $1.5B, showing early success of Robinhood Banking and stronger customer “stickiness” that can diversify revenues away from trading fees — a potentially stabilizing, long‑term positive for HOOD’s valuation. Robinhood Banking Deposits Grow As Trading Heavy Model Faces New Test
• Positive Sentiment: Analyst note (Seeking Alpha) suggests a technical/valuation rebound may be forming after prior weakness, which could attract buyers if trading metrics and crypto sentiment stabilize. Robinhood: A New Bull Cycle Is Forming (Rating Upgrade)
• Neutral Sentiment: Needham trimmed its price target from $100 to $90 but kept a buy rating — a modest recalibration that tempers upside expectations without changing a constructive stance. Benzinga
• Neutral Sentiment: Profile pieces on CEO Vlad Tenev and product roadmap highlight management focus on building “meaningful” products (banking, crypto, prediction markets) — supportive narrative but longer‑dated for near‑term share moves. Vlad Tenev profile
• Neutral Sentiment: Reports that Morgan Stanley/E*TRADE may lead SpaceX retail allocation raise questions about Robinhood’s role in high‑profile IPO access — a potential missed revenue/PR opportunity but not yet decisive. A Look At Robinhood Markets (HOOD) Valuation After SpaceX IPO Allocation Concerns
• Negative Sentiment: Wave of analyst downgrades and lower trading volumes are pressuring sentiment — continuing crypto drawdowns (Bitcoin weakness) are directly reducing crypto‑linked trading revenue and weighing on HOOD’s near‑term topline. Robinhood Stock Faces Wave Of Analyst Downgrades
• Negative Sentiment: Crypto sell‑off headlines (Bitcoin down, broader crypto momentum fading) have triggered pullbacks in crypto‑exposed brokers, including Robinhood, which amplifies short‑term downside risk until crypto stabilizes. Bitcoin tumbles, crypto momentum fades
• Neutral Sentiment: Robinhood filed suit against Washington state after a crackdown related to Kalshi/prediction markets — litigation is a double‑edged catalyst: it seeks to protect product expansion but introduces legal uncertainty and potential costs. Robinhood sues Washington after state crackdown on Kalshi prediction markets
• Positive Sentiment: Related federal action: the U.S. government sued several states to block state regulation of prediction markets, which could strengthen the legal/operating environment for Kalshi‑style products if federal preemption holds. That outcome would be supportive for Robinhood’s product expansion. US sues Arizona, Connecticut, Illinois to stop regulation of prediction markets

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.