** Rosenblatt cuts trading platform Webull's BULL.O PT to $15 from $19, 81.8% upside to stock's last close
** Brokerage notes company's Q3 results were strong as revenue beat expectations thanks to better performance across most key metrics such as funded accounts, net spreads, inflows
** Rosenblatt says BULL is performing well, but broader market multiples have compressed
** "We reiterate our BUY rating but lower our Price Target from $19 to $15, now based on 25x our 2027 Adjusted EBITDA estimate down from 33x previously due to market conditions," Rosenblatt says
** Both brokerages covering stock rate it "strong buy" or "buy"; median PT is $18.50
** As of last close, BULL stock is down ~29% YTD
(Reporting by Anuj T in Bengaluru)
((anuj.t@thomsonreuters.com))
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