---
title: "Webull’s July Trading Update Points Towards Q2 Beat, Says Bullish Analyst"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296250052.md"
description: "Rosenblatt Securities analyst Chris Brendler maintains a Buy rating on Webull (BULL) with a $13 price target, expecting a Q2 earnings beat. Despite sequential declines in July trading metrics due to new PDT rules, year-over-year growth remains strong, with options contracts up 88% and customer assets rising 62%. The analyst highlights that the decline is concentrated in low-margin equity volumes while high-revenue options held steady, suggesting significant upside potential for the back half of 2026."
datetime: "2026-08-18T15:29:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296250052.md)
  - [en](https://longbridge.com/en/news/296250052.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296250052.md)
generator: "portal-rs"
---

# Webull’s July Trading Update Points Towards Q2 Beat, Says Bullish Analyst

**Webull Corp** (NASDAQ:BULL)reports second-quarter results after Wednesday’s close. Rosenblatt Securities analyst Chris Brendler expects the company to beat consensus, citing its July trading update.

**The Webull Analyst:** Brendler maintained a Buy rating and price target of $13. Although the company’s total ADV (average daily volume) declined 12% sequentially, the July run rate remained about 10% above Rosenblatt’s third-quarter estimate, Brendler said in the note.

**Check out other analyst stock ratings**.

He further noted that Webull’s July update included the following:

-   Equity notional volume contracted by 23% sequentially to $81.9 billion
-   Equity ADV fell 26%
-   Equity DARTs (daily average revenue trades) declined 20% to 1,069,000
-   Options contracts fell 0.8% to 88.7 million
-   Options DARTs remained flat at 653,000

July’s sequential results were measured against June’s performance, which was a record high and Webull’s first full month under the new PDT rules, the analyst stated.

More importantly, July’s decline "is concentrated in equity notional, the lowest-monetization line in the P&L, equity spreads were 1.0bp in 1Q26, while options, the highest-revenue product, held," he further wrote.

Brendler drew the focus on year-on-year results, saying this is **"**where the thesis lives." He noted that, on a year-on-year basis:

-   Options contracts are up 88%
-   Options DARTs up 96%
-   Equity DARTs grew 57%
-   Total DARTs grew 73%
-   Customer assets rose 62% to $27.3 billion
-   Margin balances were up 63% to $926 million

Management expects revenue-per-trade and per-account data to inflect in the third and fourth quarters, the analyst said. Brendler says "there should be significant upside" in the back half of 2026.

**BULL** **Price Action:** Shares of Webull had declined by 1.9% to $8.00 at the time of publication on Tuesday.

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*Image: Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**