Robinhood price target lowered to $135 from $145 at Needham

Needham lowered the firm’s price target connected Robinhood (HOOD) to $135 from $145 and keeps a Buy standing connected the shares. The steadfast lowered its estimates and terms targets crossed the cryptoasset assemblage arsenic it sees continued weakness successful crypto volumes for the adjacent mates quarters. Even if crypto prices are adjacent a bottom, retail volumes typically stay muted until momentum returns, the expert tells investors.

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