Webull Corp (BULL) Stock Forecast & Price Target

Webull Corp reported a significant 55% year-over-year increase in total revenues, reaching $156.9 million in the third quarter of 2025, driven primarily by heightened trading activity and improved monetization strategies. The company's performance was bolstered by a notable increase in trading-related revenues, which grew 64% year-over-year, coupled with an improved revenue per trade metric that rose from 6.8 cents to 7.6 cents, reflecting healthier equity spreads and robust options trading. Furthermore, customer assets surged to $21.2 billion, up from $11.5 billion a year prior, indicating a strong expansion in the user base and asset management capabilities, supported by the acquisition of Webull Pay.

Webull Corp's user base has declined due to insufficient investment in growth, leading to concerns about the platform's ability to attract and retain customers. Additionally, the company's financial outlook is highly dependent on favorable market conditions; a slowdown in retail trading or declining market volatility could significantly jeopardize its earnings potential. Consequently, these factors contribute to a negative outlook for Webull's stock, as ongoing declines in retail activity and lower interest rates pose risks to financial performance.