Webull Corporation research snapshot
BULL AI stock analysis currently reads Webull Corporation as a fast-growing digital brokerage that reached profitability on an adjusted basis for six straight quarters, with record trading volumes, expanding international licenses, a roughly $1.95 billion cash position, and a $100 million buyback, but also with a revenue mix still dependent on payment for order flow, founder control of 79.2% of voting power, and a price-to-sales multiple that runs well above industry norms. The analysis supports scenario-based research rather than a certain price prediction. At the July 31, 2026 close of $7.06, market capitalization was about $3.76 billion, and the setup depended on whether Webull can keep growing revenue at a 30%+ pace, sustain adjusted profitability, and convert new products such as managed bond portfolios and EU crypto offerings into durable revenue.
Current price
$7.06
Market cap
$3.76 billion
AI score
55 / 100
Rating
Improving growth fintech, premium valuation, elevated risk
Trend status
Recovering from an April 2026 low near $4.50; cleared the 200-day MA in July 2026 before a pullback to $7.06
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Webull operates a commission-free digital brokerage in 16 markets, offering stocks, options, ETFs, futures, digital assets, and wealth products. Revenue comes from payment for order flow (53.3% of 2025 revenue), interest income (27.0%), handling fees (15.3%), and other sources (4.4%). | Medium |
| Moat | The moat is weak. Switching costs are low for retail traders, and Webull competes on features, zero commissions, and marketing spend against Robinhood, Moomoo, and Charles Schwab. Clearing approval and an EEA license add some infrastructure advantage, but network effects are limited. | Low |
| Management | Founder Anquan Wang, a PRC citizen, serves as Chairman and CEO and controls 79.2% of voting power through Class B shares. Anthony Denier runs US operations as President, and H.C. Wang is CFO. The board is six members with five US citizens. A $100 million buyback authorized in April 2026 signals capital return intent, but founder control limits board independence. | Medium |
| Financial trend | Revenue grew 46% to $571.0M in 2025 from $390.2M in 2024, then rose 36% year over year to $159.9M in Q1 2026. Adjusted net income was +$84.2M in 2025 and +$9.2M in Q1 2026, marking six consecutive adjusted-profit quarters. GAAP net income attributable to the Company was +$24.8M for 2025, while the ordinary-shareholder line showed a -$487.5M loss driven by one-time de-SPAC preferred accretion. | Medium |
| Valuation | At a trailing price-to-sales ratio near 6.1x to 6.3x, BULL trades well above the capital markets industry average of roughly 3.5x and a modeled fair ratio of about 3.4x per Simply Wall St. Forward P/E sits near 37-39x on analyst estimates. The premium prices in strong growth and margin expansion that are not yet visible in GAAP earnings. | Low |
| Technical trend | After making a 52-week low of $4.50 in April 2026, BULL recovered to a six-month high of $8.15 on July 21, 2026, briefly clearing its 200-day moving average. By July 31 it had pulled back to $7.06, below the 20-day and 200-day averages near $7.43-$7.45 but above the 50-day average of $6.88. | Medium |
| Risk level | Key risks are US and state scrutiny of payment for order flow, US-China data-security concerns given a PRC founder and offshore structure, founder voting control of 79.2%, a premium valuation, and competition from better-capitalized incumbents. A 47% decline over the past year shows how quickly sentiment can turn. | High |
| AI confidence | Higher for descriptive financial analysis from SEC filings and monthly operating data. Low for forward price targets because the company has limited analyst coverage, a young public history, and binary regulatory and geopolitical outcomes. | Medium data confidence |
| Investment certainty | The risk-reward is speculative. The company is growing fast and is adjusted-profitable, but a premium sales multiple, governance concentration, and regulatory tail risks create wide possible outcomes. Traditional valuation models have weak predictive power for this stock. | Low |
BULL AI stock forecast
The BULL AI stock forecast should be read as scenario math, not a promise. Using a July 31, 2026 close near $7.06, trailing revenue of about $607M, roughly 531-543 million ordinary shares outstanding, and a three-year framework, the tested range spans a bearish area near $3.50-$6, a base area near $6-$10, and a bullish area near $10-$14. These outputs depend on revenue growth, margin expansion, the multiple the market assigns to a growth brokerage, and the resolution of PFOF and China-related regulatory questions.
$10 to $14
More likely if revenue keeps growing at a 30%+ annual pace, adjusted profitability expands, EU crypto and managed bond portfolios add new revenue streams, and the stock rerates toward a growth financial multiple. The analyst average target of $12.33 with a high of $14 roughly brackets this case.
$6 to $10
More likely if revenue grows 25-35% annually, adjusted margins stay near current levels, the company maintains its cash position and buyback, and the stock trades in line with other high-growth fintech platforms at roughly 4-6x forward sales.
$3.50 to $6
More likely if US regulators restrict or ban PFOF, state or federal action limits US customer access over China data-security concerns, growth decelerates sharply, or competition from Robinhood and Schwab compresses market share and pricing.
BULL AI technical analysis
As of July 31, 2026, BULL shows an improving but unresolved medium-term structure. The stock made a 52-week low of $4.50 in early April 2026, then rallied about 81% into a July 21 six-month high of $8.15, briefly crossing its 200-day moving average for the first time in 2026. The pullback to $7.06 leaves price above the 50-day and 100-day averages but below the 20-day and 200-day averages, so the breakout is not yet confirmed. Moving averages are flattening rather than aligned bearish, and volume expanded during the July rally.
| Level | Value | Why it matters |
|---|---|---|
| Support 1 | $6.88 | 50-day moving average. This level anchored the early-July advance and is the first defense for the current recovery. |
| Support 2 | $6.48 | 100-day moving average. A daily close below this level would signal the pullback is deepening. |
| Support 3 | $5.50 | The early-June base and breakout zone. Losing it would open a retest of the April 2026 low area. |
| Resistance 1 | $7.45 | Confluence of the 20-day moving average and the July 22 high zone. A reclaim here restores short-term momentum. |
| Resistance 2 | $8.15 | The July 21, 2026 six-month high. A daily close above this level would confirm the breakout above the 200-day MA. |
| Resistance 3 | $9.00 | Psychological round number and a former support zone from early 2026. |
| 50-day MA | $6.88 | Price sits above it as of July 31, 2026, a constructive sign for the recovery. |
| 200-day MA | $7.43 | Price is just below it. The July 21 cross above this line was the first of 2026, but it needs a confirmed close above. |
| RSI (14) | ~47 | Neutral after the sharp July rally cooled. Not overbought, leaving room to run if momentum returns. |
| Average volume | ~8.7M shares (20-day) | Volume surged to over 16M shares on the July 21 breakout day, showing real participation, then faded on the pullback. |
| Beta (5Y) | 0.55 | Low beta is misleading for a stock with a short history and extreme idiosyncratic moves, as the 47% one-year decline shows. |
| Invalidation level | $6.48 | A daily close below the 100-day moving average would invalidate the recovery structure and open a move toward $5.50. |
BULL AI trading strategy
BULL is a high-volatility, thin-coverage stock with a young earnings history and a wide range of possible outcomes. Any trading strategy should use strict position sizing, clear invalidation levels, and realistic expectations of headline-driven swings. The frameworks below are informational scenarios, not personalized advice.
A confirmed trend-following setup needs a daily close above $8.15 (the July 21 high) on above-average volume, which would confirm the breakout over the 200-day moving average. A long could then target $9.00 and the analyst average target area near $10-$12. Until that close happens, the trend is not confirmed.
Risk per trade: 2% of capital maximum. Invalidation: close back below $7.43 (200-day MA) triggers immediate exit.
If price pulls back toward the $6.48-$6.88 zone (100-day and 50-day averages) and holds with a bullish RSI divergence or a volume dry-up, a counter-trend entry back toward $7.45-$8.15 could be considered. This is a higher-risk play given the stock dropped 47% in the past year.
Risk per trade: 1% of capital maximum. Invalidation: close below $6.48 with expanding volume signals a deeper decline.
Monitor binary catalysts: Q2 2026 earnings expected in August 2026 (Yahoo lists Aug 13), rulings or legislative action on PFOF, FINRA/self-clearing ramp, EU crypto rollout, and any US-China data-security headlines. Enter only after an event resolves in your favor, not before.
No position before a catalyst. Use post-event confirmation with a short hold window. Stop near 1.5x ATR to avoid being shaken out by headline noise.
Investment research summary
Webull is a commission-free digital brokerage that monetizes retail trading volume through payment for order flow, interest income on customer balances and margin loans, and handling fees. Its value proposition is a feature-rich, fast platform aimed at active traders, competing on tools and global reach rather than on price.
Webull has no durable moat. Retail brokers compete on features, marketing spend, and brand trust, and switching costs are low. The company is gaining some defensible infrastructure: FINRA approved Webull Securities US for self and correspondent clearing in April 2026, and an EEA license plus a planned EU crypto offering widen its reach. But brand trust lags incumbents, and an offshore structure with a PRC founder adds geopolitical risk.
The thesis fails if: (1) US regulators ban or restrict PFOF, which generated 53.3% of 2025 revenue; (2) state or federal action limits Webull US customer access over China data-security concerns; (3) revenue growth stalls while marketing spend stays high, squeezing adjusted margins; or (4) a negative headline triggers a user exodus. The 47% one-year decline shows these paths are not hypothetical.
Founder Anquan Wang controls 79.2% of voting power and remains Chairman and CEO, which concentrates decision-making. Management has executed well on growth and capital discipline: six straight adjusted-profit quarters, a $100 million buyback authorized in April 2026, termination of the standby equity purchase agreement, and self-clearing approval. Governance remains the main concern given concentrated control.
Digital brokerage is a secular growth industry driven by retail participation, option trading, and crypto adoption. The zero-commission trend has commoditized the core product, but catalysts like the FINRA pattern day trader rule change (effective June 4, 2026) and rising crypto engagement can lift trading volumes. Incumbents Schwab and Fidelity retain scale advantages, while Robinhood is the closest growth-peer benchmark.
At $7.06, BULL prices in continued 30%+ revenue growth and sustained adjusted profitability. A trailing P/S near 6.1x-6.3x is well above the capital markets industry average of about 3.5x and a modeled fair ratio near 3.4x, so the stock offers limited margin of safety on the current multiple. The three-scenario model spans roughly $3.50-$14, reflecting wide uncertainty.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Current price | $7.06 (Jul 31, 2026 close) | Yahoo Finance | July 31, 2026 |
| Market cap | $3.755 billion | Yahoo Finance | July 31, 2026 |
| Enterprise value | $2.98 billion | Yahoo Finance | July 31, 2026 |
| Revenue (TTM) | $606.9 million | Yahoo Finance | July 31, 2026 |
| Net income (TTM, ordinary shareholders) | -$500.6 million, including one-time de-SPAC preferred accretion | Yahoo Finance | July 31, 2026 |
| Forward P/E | 37.2x | Yahoo Finance | July 31, 2026 |
| Price/sales (TTM) | 6.11x | Yahoo Finance | July 31, 2026 |
| Price/book (MRQ) | 3.69x | Yahoo Finance | July 31, 2026 |
| Total cash and segregated cash (Q1 2026) | $1.95 billion | Webull Q1 2026 press release | May 21, 2026 |
| 52-week range | $4.50 - $17.08 | Yahoo Finance | July 31, 2026 |
| 2025 annual revenue | $571.0 million (+46% YoY) | SEC Filing (20-F) | April 9, 2026 |
| 2025 net income attributable to the Company | +$24.8 million | SEC Filing (20-F) | April 9, 2026 |
| 2025 adjusted net income (non-GAAP) | +$84.2 million | SEC Filing (20-F) | April 9, 2026 |
| Q1 2026 revenue | $159.9 million (+36% YoY) | Webull Q1 2026 press release | May 21, 2026 |
| Q1 2026 adjusted net income (non-GAAP) | +$9.2 million | Webull Q1 2026 press release | May 21, 2026 |
| Registered users (June 2026) | 28.2 million (+3.3M YoY) | Webull June 2026 operating data | July 15, 2026 |
| Funded accounts (June 2026) | 5.1 million (+0.4M YoY) | Webull June 2026 operating data | July 15, 2026 |
| Customer assets (June 2026) | $28.5 billion (+79% YoY) | Webull June 2026 operating data | July 15, 2026 |
| Analyst consensus and target | Strong Buy; average target $12.33 (low $10, high $14) | StockAnalysis.com | August 3, 2026 |
This page is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any security. AI-generated analysis is based on publicly available data as of August 4, 2026 and may contain errors or omissions. Forecast scenarios are hypothetical estimates and should not be interpreted as price predictions. Past performance does not guarantee future results. Trading stocks and options involves substantial risk of loss. Consult a qualified financial advisor before making investment decisions.
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