Webull Corporation (BULL) Stock Forecast: What Could Drive It in 2026
Short answer
What is actually driving Webull Corporation (BULL) right now is 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%. Revenue (Q1 2026 quarterly) is ~$159.9 million, up 36% year over year. If that keeps playing out, the setup is favourable; the risk to it is webull's revenue is tied closely to retail trading activity, so a quieter market or lower volumes can hit trading-related revenue quickly. No one can predict where BULL trades, and Walnut does not publish targets, so treat this as a scenario, not a price target or prediction.
What could drive Webull Corporation (BULL) higher?
1. 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%. Rising assets and sticky users are the foundation of every other revenue line. The open question is how much of that growth converts into funded, active accounts rather than sign-ups.
2. Two revenue engines: trading and interest
Trading-related revenue rose 36% year over year on record daily average revenue trades, while interest-related income grew about 29% on higher margin loans and client cash balances. Having both a volume-driven line and a balance-driven line gives some diversification. Interest income in particular tends to be steadier than trading rebates, which swing with market activity.
3. International expansion
Webull operates across roughly 14 markets and recently gained the license to operate across the European Economic Area, extending a footprint that already spans Asia Pacific, Latin America, and North America. Geographic breadth is a differentiator versus US-only apps. Each new market, though, carries its own licensing, funding, and competitive costs before it contributes meaningful profit.
4. Path from growth to profit
Adjusted EPS turned slightly positive (about $0.03) in Q1 2026 even as the company reported a GAAP net loss, and trailing figures still show sizeable losses partly tied to non-cash and SPAC-related items. The bull case rests on operating leverage as revenue scales past a largely fixed technology base. Whether reported GAAP profitability follows, and how quickly, is the crux.
What could weigh on BULL?
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.
Where BULL trades today
A forecast starts from where the stock actually is. These are BULL's current figures, not a projection: the drivers and risks above are what would move them.
Snapshot for BULL as of July 2026, sourced from Yahoo Finance and may be delayed. Valuation figures move with price and earnings; verify the current numbers with your broker before deciding.
How to think about a BULL forecast
Rather than chasing a price target, it tends to help to weigh the drivers above against the risks, decide how long you are willing to hold, and size the position so a wrong call is survivable. A “forecast” is really a probability-weighted view of those drivers playing out, not a number.
For the full picture, see the BULL guide and whether BULL is a buy. In Walnut you can pressure-test the thesis against your real portfolio.
The bottom line on the BULL outlook
The bottom line: what is driving Webull Corporation (BULL) is User and asset growth, with revenue (q1 2026 quarterly) at ~$159.9 million, up 36% year over year. If that keeps playing out the setup is favourable; the risk is webull's revenue is tied closely to retail trading activity, so a quieter market or lower volumes can hit trading-related revenue quickly. No one can predict the price, so treat any BULL forecast as a scenario, not a target or prediction, and decide from your own thesis and time horizon. Walnut is not an investment adviser.
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FAQ
What is the forecast for Webull Corporation (BULL)?
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No one can reliably predict where BULL will trade, and Walnut does not publish price targets. What is more useful is the setup: the drivers that could push Webull Corporation higher and the risks that could weigh on it. This page lays out both so you can form your own view. Not a recommendation.
What could drive BULL higher?
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The main growth drivers are User and asset growth; Two revenue engines: trading and interest; International expansion. Whether they play out is the real question, not a guaranteed path.
What are the risks to BULL?
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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.
Will BULL stock go up in 2026?
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Nobody knows, and anyone who says they do is guessing. Webull Corporation's direction depends on whether the drivers above outweigh the risks, plus the broader market. Focus on the thesis and your time horizon rather than a single-year call.
Is BULL a buy?
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That depends on your thesis, time horizon, and what you already own, not on a forecast. See the BULL "is it a buy?" page for a framework. Walnut is not an investment adviser.
Walnut is informational, not investment advice. This page describes drivers and risks; it is not a price forecast, target, or recommendation. Markets are uncertain and past performance does not predict future results.