Webull (NASDAQ: BULL) stock traded higher on Tuesday, driven by the expansion of its paperTrade environment and a raised price target from Rosenblatt. The online investment platform announced that its upgraded simulation now includes crypto, futures, bonds, and event contracts, supported by an updated pricing engine. Since launch, users have placed over 204 million simulated orders on paperTrade. Additionally, Webull added OpenAPI access for paperTrade, enabling developers and automated tools to simulate workflows programmatically.

Analyst Rating and Target

Before Tuesday's product release, Rosenblatt analyst Chris Brendler maintained a Buy rating on Webull and raised the price target to $13 from $12. The adjustment reflects an updated valuation outlook for the financial services company.

Market Performance and Technical Levels

Webull shares were up 6.44% at $8.19 at the time of publication on Tuesday. The Nasdaq is up 1.71%, while the S&P 500 has gained 0.76%. Financials are also modestly higher, up 0.2%, helping maintain a supportive market backdrop.

From a trend perspective, the stock is now back above its key moving averages, trading 13.4% above the 20-day SMA ($7.19), 19.5% above the 50-day SMA ($6.82), and 6.6% above the 200-day SMA ($7.65). Momentum is improving: MACD is above its signal line and the histogram is positive, which suggests downside pressure is easing and the recent upswing is gaining traction.

Key levels are getting close enough to matter for trade planning:

• Key Resistance: $8.50 — Nearby pivot/round-number area where rebounds can stall.
• Key Support: $6.50 — Prior buyer area that sits near the stock’s recent lower trading zone.

Zooming out, the 12-month performance is still down 44.24%, so this rally is best read as a recovery attempt inside a bigger drawdown unless price can keep building above the 200-day area and hold higher lows.

Webull reported select operating data for June, highlighting a 60% year-over-year increase in net deposits to $800 million. The financial platform saw its registered user base grow to 28.2 million, while customer assets surged 79% compared to the same period last year.

The company disclosed that registered users increased by approximately 200,000 from the end of May 2026. Funded accounts remained stable at 5.1 million compared to May, reflecting an increase of approximately 400,000 year-over-year.

Key Operating Metrics

The following table outlines Webull's performance for June compared to the prior month and the prior year:

Customer assets stood at $28.5 billion at the end of June, a decrease of 3% from the end of May 2026. Despite the monthly decline, the year-over-year growth remained robust at 79%.