Scotiabank Initiates Coverage of Webull (BULL) at Sector Outperform
Fintel reports that on September 2, 2026, Scotiabank initiated coverage of Webull (NASDAQCM:BULL) with a Sector Outperform recommendation.
On the day of the rating action, September 2, 2026, Webull's stock closed at $9.00, following a close of $9.13 on the pre-action date of September 1, 2026. The stock has experienced upward momentum, showing a one-week price increase of 2.51% from a baseline close of $8.78 on August 26, 2026. Over a longer one-month timeframe, the stock price rose by 27.48% from a baseline close of $7.06 on July 31, 2026.
This market activity follows Webull's recent quarterly earnings report on August 19, 2026. The company reported an actual earnings per share (EPS) of 0.08 USD, which was a 213.73% positive surprise compared to the analyst estimate of 0.0255 USD. Webull's actual revenue for the period was 198,831,000 USD, exceeding the estimated revenue of 185,126,603 USD.
Prior to Scotiabank's initiation, other analysts have also tracked the company. Rosenblatt maintained its Buy rating on Webull on three separate recent occasions: August 28, 2026, August 20, 2026, and August 18, 2026.
In terms of broader market consensus, the current consensus target mean for Webull was $14.62 as of August 28, 2026, which represents a 16.22% upward revision from the prior consensus target mean of $12.58 on August 4, 2026. The current consensus target median was $15.30 as of August 28, 2026, with the mean target implying a potential change of +62.44%.
As of the current recommendation period ending September 1, 2026, the aggregate analyst sentiment showed 9 total recommendations, consisting of 3 strong buy, 5 buy, and 1 hold ratings, resulting in an 88.9% positive and 11.1% hold distribution. This recommendation profile was identical to the prior period on August 1, 2026, which also recorded 3 strong buy, 5 buy, and 1 hold ratings.
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This story originally appeared on Fintel.