Webull Corporation (BULL) Stock Price & How to Invest

Webull Corporation operates Webull, a mobile-first digital investment platform that lets retail investors trade stocks, ETFs, options, futures, fractional shares, and in some markets digital assets, with round-the-clock access to global markets. It serves more than 26 million registered users across roughly 14 markets in North America, Asia Pacific, Europe, and Latin America through a network of licensed brokerage entities. Its business earns money in two main ways: trading-related revenue, which in the United States leans heavily on payment for order flow (options are the larger share of those rebates), and interest-related income from margin loans, stock lending, and interest on client cash balances. In its first full year as a public company it reported record revenue of about $571 million (up 46%) and record net deposits of $8.6 billion (up 91%).

The company was founded in 2016 by Wang Anquan, a former Alibaba and Xiaomi employee, and grew out of Fumi Technology, with significant engineering operations historically tied to Changsha, China. Webull went public on Nasdaq in April 2025 through a merger with the SPAC SK Growth Opportunities Corp; the stock briefly spiked around 375% and touched a headline market value near $30 billion before falling sharply back toward a few billion dollars. That China lineage has drawn political attention: a US House committee focused on the Chinese Communist Party has written to Webull's leadership over the company's ties to the PRC and data-privacy questions, which is a recurring part of the bear case rather than a settled matter.

Webull's revenue is tied closely to retail trading activity, so a quieter market or lower volumes can hit trading-related revenue quickly. A large portion of its US revenue comes from payment for order flow, a practice that regulators have periodically scrutinized and could restrict, which would pressure a core income line. Its ties to China have drawn a US congressional committee letter over PRC links and data privacy, an unresolved political and regulatory overhang. The stock is a recent SPAC listing and has been highly volatile, and the company still reports GAAP losses. Competition from far larger and better-capitalized brokers, plus other low-cost trading apps, can raise customer-acquisition costs and compress margins.

3 analysts publish price targets on BULL, averaging $12.33 against a $7.06 price as of August 2026, or +74.6%. The published targets run from $10.00 to $14.00, a moderate spread, and the ratings split 3 buy, 0 hold, 0 sell. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full BULL forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Webull Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. User and asset growth. Webull crossed 26 million registered users and reported customer assets up about 90% year over year to roughly $24 billion, with a record quarterly retention rate near 98.4%. The most optimistic published target, $14.00, assumes this works close to its best case.

The case against. Webull's revenue is tied closely to retail trading activity, so a quieter market or lower volumes can hit trading-related revenue quickly. The most pessimistic target, $10.00, is roughly what BULL is worth if this bites instead.

Read the full bull and bear case on BULL, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Webull Corporation's investor relations page or your broker.

• Revenue (Q1 2026 quarterly): ~$159.9 million, up 36% year over year
• Revenue (recent full year): ~$571 million, up 46%
• Registered users: ~26 million+ across ~14 markets
• Customer assets: ~$24 billion, up ~90% year over year
• Profitability: Adjusted EPS ~$0.03 positive; GAAP still at a loss (trailing loss per share ~$1.01)
• Market cap: ~$3.6 to $3.7 billion (stock ~$7 per share)

Figures are approximate and tied to the asOf date; verify live numbers before acting. Because Webull is not consistently profitable on a GAAP basis, a traditional P/E ratio is not meaningful, so the market values it on revenue growth, users, and assets rather than earnings. The gap between a slightly positive adjusted EPS and a GAAP loss is worth understanding, since it reflects non-cash and SPAC-related charges as well as the underlying run rate.

Other names that sit close to BULL: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get BULL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so BULL sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where BULL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Webull is a digital brokerage platform with more than 26 million registered users across 14 markets, growing revenue quickly (Q1 2026 revenue up 36% to ~$160 million) but still posting GAAP losses, so the question is whether user and asset growth converts into durable profit before competition, regulation, and its China-linked scrutiny weigh on the story.

Whether BULL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is BULL a buy or a sell?, and where the stock could go from here in the BULL stock forecast.

For income investors, whether BULL pays a dividend and how the payout looks is covered in does BULL pay a dividend? And to weigh BULL against a peer, read the full side-by-side comparisons: BULL vs SOFI and BULL vs FUTU.