
Webull reported 26 million registered users, $24.6 billion in customer assets, and Q4 revenue growth of 53.4% year over year. Despite these gains, the stock fell 41.23% over the past year and is down year to date, with short interest rising to about 19.9 million shares. Concerns include payment for order flow exposure, scrutiny tied to China connections, and a Q4 net income decline of 72% year over year driven by higher marketing spend. Analyst targets show limited implied upside, while a model estimates $7.82 with 90% confidence. A $25 price by May 2027 would require a 257% gain and a forward P/E around 313x, implying substantial EPS growth and major multiple expansion.
"The platform posted 26 million registered users, $24.6 billion in customer assets, and Q4 revenue growth of 53.4% year over year. Yet shares trade at $7, down 41.23% over the past year. CEO Anthony Denier launched proprietary AI engine Vega, expanded into Hong Kong and Korea, and approved a buyback. Can BULL triple to $25 by 2027?"
"Investors worry about payment for order flow exposure, China-connection scrutiny, and Q4 net income that fell 72% year over year as marketing spend more than doubled. Beta of 0.604 understates volatility: shares have ranged from $4.50 to $18.32 in 52 weeks. The stock is down 9.91% year to date and off 0.28% over the past week, even after a 4.17% bounce in the last month."
"The analyst target sits at $11.67, with 3 Buy ratings, 0 Holds, and 0 Sells. That is 100% bullish coverage, yet implied upside is just 66.71%. Our 24/7 Wall St. model lands at $7.82, an 11.66% upside with 90% confidence. The bull scenario reaches $20.15 by May 2027, while the bear case sits at $6.69."
"Reaching $25 from $7 requires a gain of 257.1%. With forward EPS of $0.08, a price of $25 implies a forward P/E of 313x. Our base case of $7.82 already implies 88x, meaning the bold target requires 225x additional multiple expansion. That works only if EPS grows much faster than the Street models, compressing the forward P/E into something rational."
Read at 24/7 Wall St.
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