Webull

BULL · NASDAQ

$6.03+$0.13 (+2.20%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $5.90

BULL analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $13.01 (+115.7% upside)

Low: $9.09
Now: $6.03
High: $15.75

Upgrades and downgrades

The latest rating actions, newest first

BULL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Scotiabank	Oct 9, 2026	Upgrade	Sector Perform → Sector Outperform	$9.00	19%
Rosenblatt	Oct 9, 2026	Maintains	Buy	$15.00 → $12.00	35%
Scotiabank	Sep 2, 2026	Initiates	Sector Perform	$9.00	19%
Rosenblatt	Aug 28, 2026	Maintains	Buy	$15.00	35%
Rosenblatt	Aug 20, 2026	Maintains	Buy	$13.00 → $15.00	35%
Rosenblatt	Aug 18, 2026	Maintains	Buy	$13.00	35%
Rosenblatt	Jul 16, 2026	Maintains	Buy	$12.00 → $13.00	35%
Rosenblatt	Jun 10, 2026	Maintains	Buy	$12.00	35%
Rosenblatt	May 26, 2026	Maintains	Buy	$12.00	35%
Rosenblatt	Apr 21, 2026	Maintains	Buy	$12.00	35%

The case for and against

Updated Oct 21, 2026

Bull case

Webull is viewed positively because its core franchise is compounding through strong organic asset growth, rising customer engagement, and a broader monetization mix, even amid short-term trust-related noise. Q2 revenues reached $199M, up 51% year over year and 24% quarter over quarter, while adjusted operating profit rose to $63M with a 31.5% margin, supported by customer assets of about $29B and 5.13M funded accounts. Its valuation also appears compelling versus peers, with the stock trading near all-time lows and around 1x FY27 sales by one estimate, despite faster growth, meaningful operating leverage, and additional upside from international expansion and PDT-driven trading activity.

Bear case

Webull is burdened by a weak fundamental setup because its trading and interest-related revenues are highly exposed to retail volumes, volatility, and interest rates, leaving earnings vulnerable when market activity softens. The House Select Committee report intensified reputational risk by alleging structural ties to the PRC, China-based operations, and data-routing concerns, while the stock’s nearly 30% drop and 18% decline underscore how easily investor confidence can erode. Governance is also a concern, with founder Anquan Wang controlling more than 80% of voting power, and the company’s dependence on China-based R&D, cybersecurity-sensitive infrastructure, and heavy marketing spending creates a fragile risk/reward profile.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.