Rosenblatt Securities analyst Chris Brendler anticipates Webull (BULL) will exceed Q2 consensus estimates, driven by robust year-over-year growth in options and equity DARTs, despite a sequential decline in July. The analyst highlights that the sequential decline was concentrated in lower-monetization equity notional volume, while higher-revenue options remained stable, suggesting a positive revenue mix.
This 8-K filing, though technically a news article referencing an analyst's note, provides a strong positive signal for Webull (BULL) ahead of its Q2 earnings. Rosenblatt analyst Chris Brendler maintains a Buy rating and a $13 price target, forecasting a Q2 beat based on Webull's July trading update. While July saw sequential declines in some metrics, the analyst emphasizes strong year-over-year growth in key revenue drivers like options contracts (+88%) and DARTs (+73%), along with significant customer asset and margin balance growth. This suggests a positive long-term trajectory for Webull, with management expecting revenue-per-trade and per-account data to inflect in the latter half of 2026, presenting a potential upside opportunity for traders looking for growth in the fintech brokerage space.