Webull Is Having a Monster Quarter. Is BULL Stock Still a Buy?
Webull (BULL) reported record Q2 revenue of $199M, up 51% YoY, with GAAP EPS of $0.04. The company's stock is up 12.65% over the past week but remains 42.13% below its 52-week high. 24/7 Wall St. sets a $9.03 price target, implying 1% upside, with a hold recommendation. The company's valuation at 43x forward earnings is compared to peers like Robinhood (HOOD) and Interactive Brokers (IBKR).
How this was made

The 30-second read
Why it matters
The earnings release provides fresh data on revenue, EPS, and user growth, informing valuation models.
Market read
Earnings beat and record revenue suggest modest near‑term upside but limited upside potential.
What to watch
Potential slowdown in DART activity and higher contra revenue may erode margins.
Background
Webull's Q2 results follow the June 4th elimination of the Pattern Day Trader rule, which boosted trading activity.
Ticker impact
Webull reported a record $199M Q2 revenue and GAAP EPS $0.04, its first earnings disclosure for the quarter.
Modest upside, ~1% target over current price.
The numbers are solid but the stock is already near target; limited upside.
Market effects
Highlights competitive pressure on Robinhood and Interactive Brokers in retail brokerage space.
Shows strong US retail trading activity post‑PDT rule repeal.
International expansion plans may affect Asian brokerage markets.
Counterpoint
Regulatory risk to PFOF rebates could sharply cut Webull's revenue model.
Key entities
- CompanyWebull
NASDAQ-listed brokerage firm (ticker BULL).


