Rosenblatt raises Webull stock price target on strong results

Rosenblatt upgraded its price target for Webull stock (NASDAQ:BULL) to $15 from $13 on Wednesday, maintaining a Buy rating. The firm attributed this increase to the company's robust second-quarter results, which included a 45% revenue growth over the past year and a gross profit margin of 76%, according to InvestingPro data. Rosenblatt highlighted a sequential improvement in quarterly revenue capture rates, suggesting structural tailwinds resulting from the regulatory change.

The shift towards higher-yielding margin trades and lower average trade sizes, as traders are no longer bound by previous rules, was another positive factor. Additionally, the firm noted encouraging third-quarter 2026 trends and new revenue details for products, as well as international opportunities not considered in the initial estimates.

Rosenblatt raised its 2027 adjusted EBITDA estimate to $381 million from $317 million, deeming the new projection conservative. With this new estimate, the target price of $15 is calculated at 22 times the 2027 adjusted EBITDA, down from 23 times previously. Although analysts remain bullish, InvestingPro analysis suggests the stock may be overvalued at its current prices relative to its Fair Value.

An InvestingPro Tip indicates that net income is expected to grow this year, reinforcing the optimistic outlook. Further ProTips and comprehensive Pro Research Reports are available for investors seeking deeper analysis.