When Robinhood hosts a crypto-focused keynote event in France on Monday, investors may have an opportunity to buy the dip, investment bank Compass Point signaled on Friday.

Although some investors may “sell the news,” the trading platform has several potential catalysts on the horizon, including inclusion in the S&P 500 and a crypto business that continues to flourish, Compass Point analyst Ed Engel wrote in a note.

Robinhood shares turned lower on Friday, recently falling 1.3% to $83.46, according to Yahoo Finance. Year-to-date, the firm’s stock price has soared more than 120% from $39 in January. Compass point raised its price target to $96 from $64, reiterating a buy rating.

On Monday, Robinhood is set to “unv

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Author: André Beganski

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