Rosenblatt Securities Raises Webull (NASDAQ:BULL) Price Target to $13.00

Webull (NASDAQ:BULL) had its price target raised by research analysts at Rosenblatt Securities from $12.00 to $13.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 79.81% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Webull from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Webull Price Performance

NASDAQ BULL opened at $7.23 on Thursday. The company has a market cap of $3.85 billion, a PE ratio of -6.23 and a beta of 0.55. Webull has a 52 week low of $4.50 and a 52 week high of $18.32. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $6.77 and its two-hundred day simple moving average is $6.58.

Institutional Investors Weigh In On Webull

Hedge funds and other institutional investors have recently modified their holdings of the stock. Yong Rong HK Asset Management Ltd bought a new position in shares of Webull in the fourth quarter valued at approximately $38,850,000. State Street Corp increased its holdings in Webull by 23,123.1% during the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock worth $33,743,000 after acquiring an additional 4,324,017 shares during the period. Geode Capital Management LLC lifted its stake in Webull by 938.5% in the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock worth $28,230,000 after purchasing an additional 3,283,295 shares in the last quarter. Millennium Management LLC lifted its stake in Webull by 336.5% in the 4th quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock worth $26,677,000 after purchasing an additional 2,646,701 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Webull by 491.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after purchasing an additional 3,359,441 shares during the period. 92.48% of the stock is currently owned by institutional investors.

About Webull

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.