Tom Lee of Fundstrat recommended avoiding Robinhood stock in his top investment ideas for 2026, despite record second-quarter results. Revenue hit a record $1.31 billion, up 32% year-over-year, and diluted earnings per share climbed 48% to $0.62. Net deposits also reached a record $22 billion, up 28% on an annualized basis. Robinhood launched Robinhood Chain on the Arbitrum network in July, a layer-2 blockchain with over $550 million in total value locked, positioning itself as a blockchain infrastructure platform. The stock trades near $96 for an $86 billion market cap.
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