🔴 HOOD is trading 6.02% down today on analyst price target cut and broad market weakness

HOOD is trading at $65.89, down 6.02% today, pressured by a price target cut from Needham and a wider market selloff fueled by geopolitical concerns.

• Needham lowered its price target on HOOD to $90 from $100, citing slower growth metrics for the company in March [14].
• Risk-sensitive assets are down broadly due to a sharp decline in cryptocurrencies and a selloff in major U.S. stock indices after renewed rhetoric regarding the U.S.-Iran conflict weighed on investor sentiment [3, 5, 8].
• Bitcoin fell over 2.5%, while the NASDAQ was down over 1.4% during the session [6, 8].