Needham analyst John Todaro initiated coverage on Robinhood Markets Inc (NASDAQ: HOOD) with a Hold rating. The analyst views HOOD’s revenue diversification as positive, as the company captures higher interest income in bear markets and high transaction revenue in bull markets amid lower interest rate scenarios. The analyst thinks HOOD will achieve positive adjusted EBITDA ahead of its schedule and launch new products, such as Gold, with a lowered headcount. However, the analyst notes a continued decline in crypto trading volume and uncertainty around “retail stock trader” return on MAUs. Also,…