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 potential of BULL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
best short-term AI stock.
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Disclosure: None. This article is originally published at
Insider Monkey.
