Webull Corp (BULL) Stock Forecast & Price Target

Webull Corp experienced impressive financial growth in the third quarter of 2025, with total revenues rising 55% year-over-year to $156.9 million, driven by a substantial increase in trading activity and successful monetization strategies. This growth was bolstered by an increase in equity notional volume, which reached $204 billion (up 71% year-over-year), and a 24% year-over-year rise in options contract volume to 147 million, alongside a notable improvement in revenue per trade from 6.8 cents to 7.6 cents. Additionally, Webull's strong performance is reflected in its trading revenues, which grew 56% year-over-year to $112.5 million, supported by a significant increase in client balances and a 43% year-over-year rise in margin balances, now totaling $689 million.

Webull Corp has experienced a notable decline, with its shares falling 28% over the past three months, in stark contrast to a slight 3% gain in the S&P index. Additionally, the company's revenue projections have been adversely impacted by a significant drop in crypto trading volumes, leading to a considerable reduction in transaction revenue estimates for the upcoming quarters. The anticipated decrease in marketing expenditures and potential reductions in retail trading activity, along with lower volatility and falling interest rates, pose further threats to Webull's earnings and long-term profitability.