JPMorgan Chase & Co. Cuts Bullish (NYSE:BLSH) Price Target to $41.00

Bullish (NYSE:BLSH) had its target price cut by stock analysts at JPMorgan Chase & Co. from $42.00 to $41.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 49.58% from the company’s current price.

A number of other research firms also recently commented on BLSH. Canaccord Genuity Group dropped their target price on shares of Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Citigroup dropped their price target on Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Rosenblatt Securities reduced their price objective on Bullish from $52.00 to $39.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $50.00 price objective on shares of Bullish in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.08.

Bullish Stock Performance

Shares of BLSH stock traded up $2.51 during midday trading on Friday, reaching $27.41. 4,620,454 shares of the company were exchanged, compared to its average volume of 2,270,593. The business has a 50 day simple moving average of $39.61. The stock has a market capitalization of $4.01 billion and a P/E ratio of 1,370.50. Bullish has a 12 month low of $24.79 and a 12 month high of $118.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 36.58 and a current ratio of 38.78.

Bullish (NYSE:BLSH) last released its earnings results on Thursday, February 5th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). Bullish had a negative return on equity of 6.70% and a negative net margin of 0.04%.The firm had revenue of $92.50 million during the quarter. During the same period last year, the business earned $1.37 EPS. Bullish’s revenue for the quarter was up 67.6% compared to the same quarter last year.

Hedge Funds Weigh In On Bullish

Hedge funds have recently bought and sold shares of the business. Tradewinds Capital Management LLC acquired a new stake in Bullish in the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Bullish during the 4th quarter worth about $28,000. Ameritas Advisory Services LLC bought a new position in Bullish during the third quarter valued at about $29,000. Strs Ohio acquired a new position in Bullish in the 4th quarter valued at approximately $30,000. Finally, CWM LLC bought a new stake in shares of Bullish in the 3rd quarter worth approximately $31,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Big institutional buying reported after the quarter — Cathie Wood’s ARK Invest increased its Bullish position following the earnings release, providing tangible demand from a well-known, active investor and helping lift the stock. Read More.
• Neutral Sentiment: Analyst update: Rosenblatt cut its price target from $52 to $39 but kept a “buy” rating — this lowers implied upside but keeps institutional analyst support on the tape, a mixed signal for near-term momentum. Read More.
• Neutral Sentiment: Company released January monthly metrics and a slide deck alongside its Q4 press release — these operational disclosures give investors more visibility into volumes, spreads and volatility metrics but did not materially change the narrative. Read More.
• Negative Sentiment: Q4 results showed strong revenue growth (rev +67.6% YoY to $92.5M) but a large GAAP loss and a massive EPS miss — reported EPS was ($3.73) versus consensus ~$0.16, driven in part by digital-asset writedowns; that weak earnings print is the primary catalyst for volatility and downward pressure. Read More.
• Negative Sentiment: Coverage and commentary highlighted “significant losses, modest business growth” in some outlets — reinforcing concerns about profitability and the sustainability of GAAP performance even as revenue expands. Read More.

Bullish Company Profile

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.