Analysts Set Bullish (NYSE:BLSH) PT at $56.42

Shares of Bullish (NYSE:BLSH) have received an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $54.9167.

Several analysts recently issued reports on the company. Citigroup raised their target price on Bullish from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Canaccord Genuity Group dropped their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a report on Monday. Zacks Research raised Bullish to a “hold” rating in a research note on Tuesday, September 9th. UBS Group set a $63.00 target price on Bullish in a research note on Friday, September 19th. Finally, Oppenheimer assumed coverage on Bullish in a research report on Monday, September 8th. They issued a “market perform” rating for the company.

Bullish Trading Up 2.5%

Shares of NYSE:BLSH traded up $1.06 during trading on Friday, reaching $43.90. 1,278,130 shares of the company traded hands, compared to its average volume of 2,655,813. The company has a quick ratio of 22.75, a current ratio of 24.59 and a debt-to-equity ratio of 0.20. Bullish has a 52-week low of $34.24 and a 52-week high of $118.00. The stock has a market capitalization of $6.42 billion and a price-to-earnings ratio of 2,195.00. The firm’s fifty day simple moving average is $53.18.

Bullish (NYSE:BLSH) last posted its quarterly earnings results on Wednesday, September 17th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $57.00 million for the quarter, compared to the consensus estimate of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Bullish

Institutional investors and hedge funds have recently made changes to their positions in the company. Avidian Wealth Enterprises LLC bought a new stake in Bullish during the 3rd quarter worth approximately $214,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Bullish during the 3rd quarter valued at $318,000. Global Assets Advisory LLC purchased a new position in shares of Bullish during the 3rd quarter valued at $254,000. Phoenix Financial Ltd. bought a new position in Bullish in the 3rd quarter worth $495,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Bullish in the 3rd quarter worth $3,423,000.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.