Rosenblatt raises Webull stock price target on strong June trading

Rosenblatt raises Webull stock price target on strong June trading

Chipmakers weigh on stocks, oil edges higher Investing.com - Rosenblatt raised its price target on Webull stock (NASDAQ:BULL) to $13 from $12 on Thursday while maintaining a Buy rating. The stock currently trades at $7.69, suggesting significant upside potential to the new target. Analysts maintain a Strong Buy consensus on the stock, with price targets ranging from $10 to $14.

The firm cited significantly better than expected June trading results following recent changes to pattern day trader rules. Webull reported combined average daily volume up 43% month-over-month in June, compared to a market increase of approximately 5%. The analyst noted that less than a full month has passed since the rule change.

The firm increased its estimates materially based on second-quarter 2026 average daily volume results, without including additional potential upside from pattern day trader revenue capture rates or second-half 2026 volume. Rosenblatt stated that Webull holds an advantaged competitive position. The firm expects the stock to revalue materially higher as investors recognize this positioning.

According to InvestingPro analysis, analysts predict the company will be profitable this year after recent losses, supporting the bullish outlook. The platform’s comprehensive Pro Research Report offers deeper insights into Webull’s competitive positioning and growth trajectory, available for this and 1,400+ other US equities. The new $13 price target is based on 20 times the firm’s 2027 adjusted EBITDA estimate, compared to the previous target based on 24.5 times.

In other recent news, Webull Corporation reported its operating data for June 2026, revealing an increase in trading activity despite a decline in customer assets. The digital investment platform saw its registered users grow to 28.2 million, marking an increase of 200,000 from May and 3.3 million from the previous year, while funded accounts remained steady at 5.1 million month-over-month. Additionally, Webull announced the launch of Webull Institutional, a new platform aimed at servicing financial institutions with brokerage infrastructure and other services.

The company also introduced Vega Portfolio, an AI-powered portfolio advisor designed to enhance its suite of artificial intelligence investing tools. In a strategic move, Webull signed an agreement to acquire Thailand’s Pi Securities for approximately $100 million, expanding its presence in the Southeast Asian market. The acquisition involves purchasing all shares held by Country Group Holdings, the controlling shareholder of Pi Securities.

Furthermore, Webull has launched a private markets solution in partnership with Monark Markets, offering accredited investors access to late-stage private companies through special purpose vehicles. These developments highlight Webull’s efforts to expand its offerings and strengthen its position in the financial services sector.