Robinhood (HOOD) stock dropped 9% due to declining trading volumes in equities, options, and crypto. Year-to-date, the stock is down 20%. Transaction-based revenue, a significant part of their income, worries investors. However, analyst Brett Knoblauch sees the pullback as a buying opportunity, especially with the firm’s international growth and entry into prediction markets.

Robinhood’s recent acquisition and entry into the Indonesian market and prediction markets have bolstered investor optimism. Analysts predict a potential 22% upside with shares rallying to $152 next year. Options traders and Wall Street analysts share this bullish sentiment, with a consensus price target of $155, signaling over 25% potential upside from current levels.

Read more at Yahoo Finance: Robinhood Stock Gets Dragged Down by the Crypto Selloff. Should You Buy the Dip?