Rosenblatt Securities Retains Webull’s (BULL) Buy Rating, Says Options Trading to Drive Growth

With a 110.73% potential upside, Webull Corporation (NASDAQ:BULL) is making a credible case as one of the 14 Best Tech Stocks Under $10 to Buy. On January 23, Rosenblatt Securities analyst Chris Brendler maintained his Buy rating on the company’s stock, as well as the $15 price target.

Brendlet stated in his report that investors had mistakenly assumed that Webull is a cryptocurrency-related stock, noting that its stock’s trading action correlates highly to those of crypto platforms like Coinbase even if Webull’s crypto business is currently immaterial. The analyst also pointed out that Webull’s bread and butter is equity and options trading, and that the sector’s 13% quarter-over-quarter options trading volume increase in the U.S. presents a sustained growth opportunity for the company.

In addition, Brendler noticed that Webull’s valuation is at a discount compared to other online trading platform peers, attributing this discrepancy to factors like a short history as a public company and the absence of monthly reporting on its key figures.

Webull Corporation (NASDAQ:BULL) is a financial services company that offers trading, wealth management, and investor intelligence and education, among other services.

While we acknowledge the risk and potential of Webull Corporation (NASDAQ:BULL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BULL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.