Scotiabank Upgrades Webull to Sector Outperform from Sector Perform
Fintel reports that on October 9, 2026, Scotiabank upgraded their outlook for Webull (NASDAQCM:BULL) (DB:4HU) from Sector Perform to Sector Outperform.
This rating action follows Scotiabank's prior action on September 2, 2026, when the firm initiated coverage on the company with a Sector Outperform rating. Prior to the upgrade, Webull's stock closed at $5.95 on October 8, 2026, and ended the day of the rating action, October 9, 2026, at a latest close of $6.31. The stock has seen a price change of -14.03% over one week, relative to a baseline close of $7.34 on October 2, 2026. Over a one-month period, the price change was -33.01% from a baseline close of $9.42 on September 9, 2026.
Looking at aggregate analyst data, the current consensus target mean was $13.00 as of October 2, 2026, with a median target of $13.77, representing an implied change of +106.10%. This current mean reflects a consensus target revision of -1.92% from the prior consensus target mean of $13.26 on September 15, 2026. For the current recommendation period of September 1, 2026, the total recommendation count stood at 9, with 3 strong buy, 5 buy, 1 hold, 0 sell, and 0 strong sell recommendations. This breakdown, representing 88.9% positive, 11.1% hold, and 0.0% negative recommendations, was identical to the prior recommendation period of August 1, 2026, which also recorded 9 total recommendations with 3 strong buy, 5 buy, 1 hold, 0 sell, and 0 strong sell ratings.
In its latest earnings report on August 19, 2026, Webull reported an actual EPS of 0.08 against an estimate of 0.0255, which is an EPS surprise of +213.73%. The company's actual revenue reached $198,831,000.00, compared to the estimated revenue of $185,126,603.00.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 9, 2026 | Scotiabank | Sector Perform | Sector Outperform | upgrade |
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This story originally appeared on Fintel.