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Rosenblatt said in its research note that Webull’s “strong” second-quarter results were “highly supportive” of its investment thesis.
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The firm expects the company’s growth trajectory to strengthen as the pattern day trader rule changes.
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Rosenblatt said the regulatory change should drive accelerating revenue growth, not just higher trading volumes, as more customers gain access to Webull without the Pattern Day Trader restrictions.
Webull Corp. (BULL) shares were headed for their highest levels in eight months in Thursday morning’s trade after the company’s second-quarter results on Wednesday surpassed Wall Street expectations.
According to TheFly, analysts at Rosenblatt maintained their ‘Buy’ rating on Webull and raised their price target to $15 from $13, implying an upside potential of 67% from current levels.
Webull shares were up nearly 5% in Thursday’s opening trade. BULL was among the top trending tickers on Stocktwits at the time of writing.
Why Rosenblatt Is Bullish On BULL Stock
Rosenblatt said in its research note that Webull’s “strong” Q2 results were “highly supportive” of its investment thesis. The firm expects the company’s growth trajectory to strengthen as the pattern day trader rule changes.
Rosenblatt said the regulatory change should drive accelerating revenue growth, rather than simply higher trading volumes, as more customers gain access to Webull’s platform without the Pattern Day Trader restrictions.
The firm’s outlook also reflects its expectation that Webull can capture additional activity as the rule change takes effect. Rosenblatt sees the regulatory shift as a revenue opportunity in addition to its impact on customer trading behavior.
What The Pattern Day Trader Rule Change Is About
Under the new rules approved by the Securities and Exchange Commission in April, traders will no longer need to maintain a $25,000 account balance to engage in frequent margin day trading.
The Pattern Day Trader designation has also been eliminated, meaning traders are no longer limited by the older rule that triggered the designation after four or more day trades within five business days.
The new framework allows eligible margin accounts with more than $2,000 to access intraday margin buying power, with individual brokerages determining the amount based on current positions and maintenance margin requirements. The rules took effect June 4, 2026, while brokerages have until Oct. 20, 2027, to implement them.
