Analyst Initiates Buy Rating on Webull (BULL) with 64% Upside Potential
Compass Point analyst Ed Engel has initiated coverage on Webull Corporation (BULL) with a Buy rating and a $9 price target, implying a 64% upside from current levels. The bullish outlook stems from Webull's accelerating revenue growth and expansion into crypto trading and prediction markets.
Webull's revenue surged to $165.2 million from $110.3 million year-over-year, outpacing competitors like Robinhood and Interactive Brokers. While trading at similar earnings multiples, Webull's growth trajectory appears steeper, particularly in its crypto operations.
The stock's volatility is notable, ranging from a 52-week high of $79.56 to its current $5.48 level. This reflects both the platform's potential and the competitive pressures in the retail trading space where Webull offers stocks, ETFs, options and cryptocurrency trading.
