The S&P 500 is down about 7% to start 2026, but Robinhood (HOOD) has dropped 42% in the first quarter. Over the last 12 months, its valuation has been cut in half. The selloff seems to be driven by slowing revenue growth. Top line growth was 52% last year but slowed to 27% in Q4 2025. There are also concerns about increased competition in prediction markets and the possibility that a weaker economy will lead to less retail trading volume. The stock is now trading at 32 times trailing earnings, down from over 60 a few months ago. The consensus analyst price target is $117.48, which implies a 78% upside. It could be a decent entry point for a long-term hold.