- Tom Lee of Fundstrat named Robinhood Markets Inc stock as one to avoid in 2026, according to CNBC.
- Capital Wealth Planning CEO Kevin Simpson defended the stock, citing faith in CEO Vlad Tenev in a CNBC interview.
- Robinhood stock has surged over 827% in three years but trades at a high forward P/E of 33.7x.
Tom Lee, Co-founder and Head of Research at Fundstrat Global Advisors, has reportedly named Robinhood Markets Inc stock as one to avoid in 2026, according to CNBC. However, Capital Wealth Planning CEO Kevin Simpson has a different take, stating in a CNBC interview that he has faith in CEO Vlad Tenev.
Simpson acknowledged in the interview that HOOD stock has a very high valuation and has not “made much money” over the past year. Consequently, he argued that over the past three years, “there’s not many stocks we’ve made more money with.” The fintech stock has surged more than 827% over that period.
The bearish call on HOOD stock accompanies other cryptocurrency-linked names including Galaxy Digital Inc. and Riot Platforms Inc. Meanwhile, Lee named JPMorgan Chase among Fundstrat’s top picks.
Robinhood’s Q2 revenue rose 32% year over year to $1.3 billion, driven by a surge in prediction-market activity. The company’s event contract revenue reached $156 million, surpassing its crypto trading revenue for the first time.
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