Buana Lintas Lautan
BULL
$7.69
+6.36%
Webull Corporation operates a digital investment platform that provides commission-free trading and analytical tools to retail investors, competing in the software-as-a-service (SaaS) and fintech space. As a mobile-first, next-generation brokerage, it distinguishes itself through a robust suite of market data and educational resources aimed at empowering informed investors. The stock is currently in focus due to the recent elimination of the Pattern Day Trader (PDT) rule, a regulatory shift that is expected to boost trading volumes and user engagement, alongside the company's ongoing efforts to expand its product offerings and achieve sustained profitability.…
BULL
Buana Lintas Lautan
$7.69
Related headlines
Investment Opinion: Should I buy BULL Today?
Rating: Buy. The thesis is that Webull is a high-growth fintech platform benefiting from a major regulatory tailwind (PDT rule elimination) and trading at a discounted valuation relative to its growth potential and historical multiples. The analyst consensus is 'strong buy' with an average target of $12.33, implying 70.5% upside.
Supporting evidence includes: (1) Revenue growth of 36.3% YoY in Q1 2026, outpacing many software peers; (2) Gross margin of 76.0%, indicating a scalable business model; (3) Forward PS of 3.4x, which is a discount to the industry average and the company's own history; (4) Analysts estimate EPS of $0.34 for the current fiscal year, implying a turnaround from recent losses. The stock's low beta of 0.554 also suggests lower volatility, making it a relatively defensive growth play.
Risks to the thesis include: (1) Failure to control sales and marketing expenses, leading to continued net losses; (2) Deceleration of revenue growth below 30% YoY, which could compress the PS multiple; (3) Competitive pressure from Robinhood and other brokers. This Buy rating would be downgraded to Hold if revenue growth falls below 20% or if the company reports another quarter of negative operating margins. Overall, Webull appears undervalued relative to its growth trajectory and historical valuation, offering a favorable risk/reward for growth-oriented investors.
Sign up to view all
BULL 12-Month Price Forecast
The AI assessment is bullish on Webull, driven by strong revenue growth, a high-margin business model, and a compelling valuation near historical lows. The PDT rule elimination provides a clear near-term catalyst that could accelerate user growth and trading volumes. However, confidence is medium due to the recent profitability reversal and decelerating growth rates. The key risk is whether the company can manage costs effectively; if it does, the stock could re-rate significantly. The stance would be upgraded to high confidence if the next earnings report shows positive operating income, and downgraded to neutral if revenue growth falls below 25%.
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Buana Lintas Lautan's 12-month outlook, with a consensus price target around $12.33 and implied upside of +60.4% versus the current price.
Average Target
$12.33
0 analysts
Implied Upside
+60.4%
vs. current price
Analyst Count
—
covering this stock
Price Range
$10 - $14
Analyst target range
Three analysts cover the stock, with a consensus recommendation of 'strong buy' (mean rating of 1.0 on a 1-5 scale). The average target price is $12.33, implying a 70.5% upside from the current price of $7.23. The distribution shows no hold or sell ratings, indicating unanimous bullish sentiment among covering analysts. The target range spans from a low of $10.00 to a high of $14.00, representing a 40% spread between the low and high. The high target of $14.00 assumes successful execution on growth catalysts such as the PDT rule elimination and expansion into new markets, while the low target of $10.00 likely prices in more conservative user growth and margin recovery. The narrow range and strong buy consensus suggest high conviction among analysts, though the limited coverage (only 3 analysts) means the stock may be underfollowed, which can lead to higher volatility and less efficient price discovery. The estimated EPS for the current fiscal year is $0.34, which would represent a significant turnaround from the recent losses, and the estimated revenue of $908 million implies a 42% growth rate from the trailing twelve months, reflecting optimistic expectations.
Drowning in data?
Find the real signal!
Bulls vs Bears: BULL Investment Factors
Webull presents a compelling risk/reward at current levels, with strong revenue growth, a high-margin business model, and a transformative regulatory catalyst in the PDT rule elimination. However, the recent swing to a net loss and decelerating growth rates temper the bullish case. The bull case is supported by analyst targets implying 70% upside and a valuation near historical lows, while the bear case hinges on whether the company can control costs and return to profitability. The single most important tension is whether the PDT rule elimination will drive enough incremental revenue to justify the elevated spending on sales and marketing, or if the company will continue to burn cash in pursuit of growth.
Bullish
- PDT Rule Elimination Catalyst: The SEC ended the PDT rule on June 4, 2026, which is expected to boost trading volumes and user engagement for retail brokerages like Webull. This regulatory shift directly benefits Webull's platform, as it enables smaller accounts to trade more actively, driving revenue growth.
- Strong Revenue Growth Trajectory: Revenue grew 36.3% YoY to $159.9 million in Q1 2026, following a 49.5% YoY increase in Q3 2025. This consistent double-digit growth outpaces many software peers and supports the bullish case for continued top-line expansion.
- High Gross Margin Business Model: Gross margin remains high at 76.0% in Q1 2026, only slightly down from 80.2% a year earlier. This indicates a scalable, asset-light business model that can generate significant operating leverage as revenue grows.
- Analyst Consensus Strong Buy: All three covering analysts rate the stock a 'strong buy' with an average target price of $12.33, implying 70.5% upside from the current $7.23. The low target of $10.00 still offers 38.3% upside, reflecting high conviction.
Bearish
- Profitability Reversal in Q1 2026: Webull swung to a net loss of -$21.7 million in Q1 2026 from a net income of $13.1 million in Q1 2025, driven by a 115% surge in sales & marketing expenses to $49.4 million. This raises concerns about cost control and the path to sustained profitability.
- Decelerating Revenue Growth Rate: Revenue growth decelerated from 49.5% YoY in Q3 2025 to 36.3% in Q1 2026. While still strong, the trend suggests the growth rate may be peaking, and any further deceleration could compress the already elevated PS multiple.
- Negative Operating Margin Trend: Operating margin turned negative to -1.5% in Q1 2026, compared to +17.5% in Q1 2025. This deterioration reflects aggressive spending on customer acquisition, which may not yield proportional revenue gains.
- Limited Analyst Coverage: Only three analysts cover the stock, which can lead to less efficient price discovery and higher volatility. The unanimous 'strong buy' rating may also reflect a lack of diverse perspectives.
BULL Technical Analysis
The stock is in a recovery phase from a deep downtrend, with a 1-year price change of -49.9% reflecting a significant decline from its 52-week high of $18.32. The current price of $7.23 sits at 19.8% of the 52-week range (from low of $4.50 to high of $18.32), indicating it is closer to the low end but has rebounded sharply from the March 2026 low of $4.63. This positioning suggests the stock may be in a value recovery zone, though it remains well below its highs, implying lingering bearish sentiment. Short-term momentum is positive, with a 1-month change of +1.5% and a 3-month change of +7.6%, both outperforming the S&P 500's respective gains of 0.3% and 4.7%. This divergence from the 1-year downtrend signals a potential trend reversal, as the stock has formed a higher low since April 2026 and is now testing resistance near the $7.50-$7.70 zone. The beta of 0.554 indicates the stock is less volatile than the market, which may limit downside but also reduce upside participation in rallies. The 52-week low of $4.50 provides strong support, while the 52-week high of $18.32 represents major resistance. A breakout above $7.70 could signal a continuation of the recovery, while a breakdown below $6.50 would suggest renewed weakness. The stock's low beta suggests it may be less sensitive to broad market swings, making it a potentially defensive play within the tech sector.
Beta
0.55
0.55x market volatility
Max Drawdown
-73.9%
Largest decline past year
52-Week Range
$5-$18
Price range past year
Annual Return
-54.5%
Cumulative gain past year
| Period | BULL Return | S&P 500 |
|---|---|---|
| 1m | +8.6% | -0.6% |
| 3m | +9.5% | +5.4% |
| 6m | -1.0% | +8.3% |
| 1y | -54.5% | +18.3% |
| ytd | -6.1% | +8.8% |
Bobby - Your AI Investment Partner
Get real-time data, AI-driven personalized investment analysis to make smarter investment decisions
BULL Fundamental Analysis
Revenue has grown strongly, with the most recent quarter (Q1 2026) reporting $159.9 million, a 36.3% year-over-year increase from $117.4 million in Q1 2025. However, the growth rate has decelerated from the 49.5% YoY growth seen in Q3 2025 ($156.9 million vs. $101.9 million), indicating a maturing but still robust top-line expansion. The company's revenue trajectory is supported by increased user engagement following the PDT rule elimination, though segment data is not available to pinpoint specific drivers. Profitability remains inconsistent: the company reported a net loss of -$21.7 million in Q1 2026, swinging from a net income of $13.1 million in Q1 2025. Gross margin remains high at 76.0% in Q1 2026, slightly down from 80.2% a year earlier, but still indicative of a scalable business model. Operating margin turned negative at -1.5% in Q1 2026, compared to +17.5% in Q1 2025, reflecting increased operating expenses, particularly in sales and marketing ($49.4 million in Q1 2026 vs. $23.0 million in Q1 2025). The balance sheet is healthy with a current ratio of 1.33 and a low debt-to-equity ratio of 0.076, indicating minimal leverage. However, free cash flow is not reported for recent quarters, and the company's ability to generate positive operating cash flow is uncertain given the net loss. Return on equity (ROE) stands at 2.4%, suggesting modest profitability on equity, but the negative net income in Q1 2026 raises concerns about near-term cash generation.
Quarterly Revenue
$159928016.0B
2026-03
Revenue YoY Growth
+36.3%
YoY Comparison
Gross Margin
76.0%
Latest Quarter
Free Cash Flow
$0.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Open an Account, get $2 TSLA now!
Valuation Analysis: Is BULL Overvalued?
Since net income is negative on a trailing twelve-month basis (TTM net income of -$21.7 million in Q1 2026), the price-to-sales (PS) ratio is the most appropriate valuation metric. The current PS ratio is 5.40x, while the forward PS (based on estimated revenue of $908 million) is approximately 3.40x, implying the market expects significant revenue growth to justify the current price. Compared to the industry average (software application sector), a PS of 5.4x is at a premium, but the forward PS of 3.4x suggests a discount to growth expectations. The company's gross margin of 77.5% is above the industry average, partially justifying the premium. Historically, the PS ratio has ranged from 15.8x (Q1 2026) to over 57x (Q1 2024), so the current 5.4x is near the low end of its historical band. This suggests the stock is trading at a significant discount to its own history, which could indicate either a value opportunity or reflect the market's skepticism about sustained growth and profitability. The price-to-book (PB) ratio of 3.04x is also below its historical average of ~8-10x, further supporting the notion of a discounted valuation.
PE
-6.3x
Latest Quarter
vs. Historical
Low-End
5-Year PE Range 2x~1385x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
46.6x
Enterprise Value Multiple
Investment Risk Disclosure
Financial & Operational Risks: Webull's primary financial risk is its inconsistent profitability. The company swung from a net income of $13.1 million in Q1 2025 to a net loss of -$21.7 million in Q1 2026, driven by a 115% increase in sales and marketing expenses to $49.4 million. This aggressive spending raises questions about the efficiency of customer acquisition and the path to sustained profitability. Additionally, free cash flow is not reported, and with negative net income, the company may need to rely on external financing or equity dilution to fund operations, though its low debt-to-equity ratio of 0.076 provides some cushion.
Market & Competitive Risks: Webull faces intense competition from established players like Robinhood and Interactive Brokers, which also benefit from the PDT rule elimination. The stock's beta of 0.554 suggests lower market correlation, but it has still experienced a 49.9% decline over the past year, indicating company-specific risks. Valuation risk is present as the PS ratio of 5.4x, while near historical lows, is still above the industry average, and any disappointment in growth could lead to multiple compression. Regulatory risk is mitigated by the recent PDT rule change, but future regulations on payment for order flow or crypto trading could impact revenue.
Worst-Case Scenario: In a worst-case scenario, the company fails to convert the PDT rule catalyst into sustained revenue growth, while sales and marketing expenses remain elevated, leading to continued net losses. Analyst downgrades could follow, pushing the stock to its 52-week low of $4.50, representing a 37.8% decline from the current price of $7.23. The stock's historical max drawdown of -73.9% from its 52-week high of $18.32 illustrates the potential for severe downside if growth disappoints.
FAQ
The primary risk is financial: the company swung to a net loss of -$21.7 million in Q1 2026 due to a 115% increase in sales and marketing expenses. If this spending doesn't translate into sustained revenue growth, profitability may remain elusive. Competitive risk is high, with Robinhood and Interactive Brokers also benefiting from the PDT rule change. Macro risk is moderate, as the stock's beta of 0.554 suggests lower market sensitivity, but a broad market downturn could still pressure growth stocks. Company-specific risk includes limited analyst coverage (only 3 analysts), which can lead to higher volatility.
The 12-month forecast is bullish, with a base case target of $10-12 (50% probability), a bull case of $12-14 (30% probability), and a bear case of $4.50-7 (20% probability). The base case assumes revenue growth of 30-35% YoY and gradual improvement in profitability, while the bull case relies on the PDT catalyst accelerating growth. The bear case reflects failure to control costs or a growth deceleration below 25%. The most likely scenario is the base case, with the stock reaching the analyst average target of $12.33.
Based on a PS ratio of 5.4x, Webull appears undervalued relative to its own history, where PS has ranged from 15.8x to 57x. The forward PS of 3.4x is even more attractive, implying the market is pricing in significant growth. Compared to the software application industry average, the current PS is at a premium, but the company's gross margin of 77.5% is above average, partially justifying the premium. Overall, the stock seems undervalued given its growth rate and the PDT catalyst, but the valuation is sensitive to execution risk.
Webull presents a compelling risk/reward for growth investors, with analysts seeing 70.5% upside to the average target of $12.33. The stock trades at a PS ratio of 5.4x, near historical lows, and benefits from the recent PDT rule elimination that should boost trading volumes. However, the company swung to a net loss of -$21.7 million in Q1 2026, and revenue growth is decelerating. For investors with a high risk tolerance and a 12-month horizon, it could be a good buy, but those seeking stable profitability should wait for evidence of cost control.
Webull is best suited for a medium-term investment horizon of 12-24 months, as the PDT rule elimination is a near-term catalyst that could drive significant price appreciation. The stock's beta of 0.554 suggests lower volatility, making it less suitable for short-term trading. Long-term holding is riskier due to the competitive landscape and the company's inconsistent profitability. A minimum holding period of 12 months is recommended to allow the PDT catalyst to materialize and for the company to demonstrate a path to sustained profitability.
