HOOD fell in early trading after Needham lowered its price target

Robinhood (HOOD) fell in early trading after Needham lowered its price target to $90 from $100, citing slowing growth in March. Analyst John Tardaro reduced estimates for trading volumes and net interest revenue for the first quarter and full-year forecasts. He maintained a "Buy" rating, calling the company the "farthest along" in the decline of the traditional finance category.