Webull price target lowered to $12 from $15 at Rosenblatt

Rosenblatt lowered the firm’s price target on Webull (BULL) to $12 from $15 and keeps a Buy rating on the shares. Webull’s Q4 results showed a strong top-line beat and record account growth, though elevated marketing spend offset some upside, resulting in over $20M in adjusted EBITDA, the analyst tells investors in a research note. Progress in crypto, prediction markets, and international initiatives positions the company well for 2026 and supports above-consensus growth expectations, the firm says.