Rosenblatt initiates Webull stock with Buy rating, $19 price target

Rosenblatt Securities initiated coverage on Webull (BULL) with a Buy rating and a $19 price target, projecting over 25% top-line growth through 2027, citing its rapid expansion as the second-largest mobile-first brokerage. This positive outlook follows Webull's strong Q2 2025 revenue growth of 46% year-over-year to $131.5 million and the strategic relaunch of its cryptocurrency trading services. Northland also initiated coverage with an Outperform rating and an $18 price target, collectively reinforcing Webull's competitive positioning and growth trajectory in the trading platform market.

Analysis

Webull (NASDAQ:BULL) has received strong endorsements from Wall Street, with Rosenblatt Securities initiating coverage with a 'Buy' rating and a $19.00 price target, and Northland initiating with an 'Outperform' rating and an $18.00 target. This bullish sentiment is underpinned by the company's robust financial performance, evidenced by a 46% year-over-year revenue increase to $131.5 million in Q2 2025 and an LTM revenue growth rate of 26.51%. The company's growth model, which leverages zero commissions and a superior mobile-first platform, has successfully captured market share, positioning it as the second-largest mobile-first brokerage in the U.S. Analysts project this momentum will continue, with Rosenblatt forecasting top-line growth to exceed 25% annually through 2027, driven by global retail investor adoption and strategic product expansion. A key component of this strategy is the recent relaunch of its cryptocurrency trading services, which broadens its ecosystem for active traders. Rosenblatt's valuation is notably forward-looking, with its $19 price target based on 33 times the firm's 2027 Adjusted EBITDA estimate, reflecting high expectations for sustained, long-term growth.

Key Decisions for Investors

• Given the strong revenue growth of 46% YoY in Q2 2025 and bullish analyst initiations from Rosenblatt and Northland, investors should consider the stock's potential for significant upside, as reflected in the $18-$19 price targets.
• Monitor the company's ability to maintain its projected 25%+ top-line growth rate, as this is a core assumption in the current analyst valuations and a key indicator for sustaining its premium multiple.
• Closely track the market reception and user adoption of the recently relaunched cryptocurrency trading services, as successful execution in this area is a critical component of the company's diversified growth strategy.