BUZZ-Robinhood Markets extend losses after Needham cuts PT

Reuters03-28

** Robinhood Markets' HOOD.O stock is down 6.6% at $41.11 on Fri after Needham analysts cut their price target citing downward revision in crypto trading volumes from retail customers partly offset by an increase in revenue from its prediction markets offering

** HOOD is on track for the fourth straight session of losses and on track for the consecutive month of loses in March. It is up ~11% YTD with today's move

** The rollout of HOOD's prediction markets offering since Oct. 2024 will likely add about $100 mln in revenue in 2025 but that is offset by estimated lower crypto trading, said Needham analysts led by John Todaro

** "As the crypto market has cooled, retail customers experience a "flushing out" effect. We see macro headwinds in 1H'25 (i.e. tariffs, US fiscal austerity) impacting HOOD's crypto volumes more than equities/options, which we brought modestly lower," Todaro says

** Needham cuts PT to $62 from $70 but retained its "buy" rating

** Among 21 analysts that cover HOOD, avg rating is "BUY" and median PT is $63.50

** Earlier this week, HOOD announced it will roll out wealth management and private banking services on its platform

(Reporting by Chibuike Oguh in New York)

((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2523668801?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-29 00:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2523668801","market":"us","top_or_hot":-1,"title":"BUZZ-Robinhood Markets extend losses after Needham cuts PT","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets extend losses after Needham cuts PT</title></head><body><p>** Robinhood Markets' <span>HOOD.O</span> stock is down 6.6% at $41.11 on Fri after Needham analysts cut their price target citing downward revision in crypto trading volumes from retail customers partly offset by an increase in revenue from its prediction markets offering</p><p>** HOOD is on track for the fourth straight session of losses and on track for the consecutive month of loses in March. It is up ~11% YTD with today's move</p><p>** The rollout of HOOD's prediction markets offering since Oct. 2024 will likely add about $100 mln in revenue in 2025 but that is offset by estimated lower crypto trading, said Needham analysts led by John Todaro</p><p>** \"As the crypto market has cooled, retail customers experience a \"flushing out\" effect. We see macro headwinds in 1H'25 (i.e. tariffs, US fiscal austerity) impacting HOOD's crypto volumes more than equities/options, which we brought modestly lower,\" Todaro says</p><p>** Needham cuts PT to $62 from $70 but retained its \"buy\" rating</p><p>** Among 21 analysts that cover HOOD, avg rating is \"BUY\" and median PT is $63.50</p><p>** Earlier this week, HOOD <span>announced</span> it will roll out wealth management and private banking services on its platform</p><p> (Reporting by Chibuike Oguh in New York)</p><p> ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Robinhood Markets extend losses after Needham cuts PT</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Robinhood Markets extend losses after Needham cuts PT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-29 00:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets extend losses after Needham cuts PT</title></head><body><p>** Robinhood Markets' <span>HOOD.O</span> stock is down 6.6% at $41.11 on Fri after Needham analysts cut their price target citing downward revision in crypto trading volumes from retail customers partly offset by an increase in revenue from its prediction markets offering</p><p>** HOOD is on track for the fourth straight session of losses and on track for the consecutive month of loses in March. It is up ~11% YTD with today's move</p><p>** The rollout of HOOD's prediction markets offering since Oct. 2024 will likely add about $100 mln in revenue in 2025 but that is offset by estimated lower crypto trading, said Needham analysts led by John Todaro</p><p>** \"As the crypto market has cooled, retail customers experience a \"flushing out\" effect. We see macro headwinds in 1H'25 (i.e. tariffs, US fiscal austerity) impacting HOOD's crypto volumes more than equities/options, which we brought modestly lower,\" Todaro says</p><p>** Needham cuts PT to $62 from $70 but retained its \"buy\" rating</p><p>** Among 21 analysts that cover HOOD, avg rating is \"BUY\" and median PT is $63.50</p><p>** Earlier this week, HOOD <span>announced</span> it will roll out wealth management and private banking services on its platform</p><p> (Reporting by Chibuike Oguh in New York)</p><p> ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250328:nL2N3QB0PU:1","article_id":"2523668801","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2523668801","pubTimestamp":1743180852,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Robinhood Markets extend losses after Needham cuts PT** Robinhood Markets' HOOD.O stock is down 6.6% at $41.11 on Fri after Needham analysts cut their price target citing downward revision in cry","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","HOOD":"Robinhood","BK4127":"投资银行业与经纪业","BK4547":"WSB热门概念","BK4539":"次新股"},"translate_title":"Needham削减PT后，BUZZ-Robinhood市场扩大跌幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":0.9},"content_text":"BUZZ-Robinhood Markets extend losses after Needham cuts PT** Robinhood Markets' HOOD.O stock is down 6.6% at $41.11 on Fri after Needham analysts cut their price target citing downward revision in crypto trading volumes from retail customers partly offset by an increase in revenue from its prediction markets offering** HOOD is on track for the fourth straight session of losses and on track for the consecutive month of loses in March. It is up ~11% YTD with today's move** The rollout of HOOD's prediction markets offering since Oct. 2024 will likely add about $100 mln in revenue in 2025 but that is offset by estimated lower crypto trading, said Needham analysts led by John Todaro** \"As the crypto market has cooled, retail customers experience a \"flushing out\" effect. We see macro headwinds in 1H'25 (i.e. tariffs, US fiscal austerity) impacting HOOD's crypto volumes more than equities/options, which we brought modestly lower,\" Todaro says** Needham cuts PT to $62 from $70 but retained its \"buy\" rating** Among 21 analysts that cover HOOD, avg rating is \"BUY\" and median PT is $63.50** Earlier this week, HOOD announced it will roll out wealth management and private banking services on its platform (Reporting by Chibuike Oguh in New York) ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.3","shortVersion":"4.32.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2523668801"}