, an analyst from Rosenblatt Securities, has initiated a new Buy rating on Webull Corporation (BULL).
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Rosenblatt Securities has given its Buy rating due to a combination of factors that highlight Webull Corporation’s strong market position and growth potential. The firm has effectively leveraged zero commissions, mobile technology, and social media to rapidly expand its market share, becoming the second-largest mobile-first brokerage in the US. This growth is supported by Webull’s superior product offerings for active retail traders, which have gained traction both domestically and internationally.
Furthermore, the recent changes in the crypto regulatory landscape present a significant opportunity for Webull. The company’s strategic relaunch of its crypto business in the US, after carving it out amid regulatory challenges, positions it well to benefit from the renewed interest in crypto trading. Additionally, Webull’s international expansion into 14 key regions offers substantial growth prospects, as these markets are less saturated and present untapped potential for active traders. These factors collectively support Rosenblatt’s optimistic outlook and the $19 price target for Webull’s stock.
In another report released on September 22, Northland Securities also initiated coverage with a Buy rating on the stock with a $18.00 price target.