Robinhood’s crypto keynote may offer 'buy the dip' opportunity

Robinhood’s upcoming crypto keynote in France could spark a short-term dip as a “sell the news” event, but Compass Point views it as a buying opportunity. Analyst Ed Engel expects announcements on tokenized stock trading, staking and perpetual futures—excluding stablecoins. Robinhood’s crypto business is growing, with Q2 digital asset revenue hitting $252 million, and its stock is up over 120% YTD. Compass Point raised its price target to $96, citing upcoming product launches and potential inclusion in the S&P 500, Decrypt reported.