Bullish (NYSE:BLSH) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Key Points

• JPMorgan raised its Bullish price target from $25 to $28 while maintaining a neutral rating; the new target implies 19.13% upside from the prior close.
• Analyst views are mixed: MarketBeat reports an average rating of Hold and a consensus price target of $44.64, with eight Hold, five Buy, one Strong Buy, and one Sell rating.
• Bullish reported quarterly EPS of $0.09, in line with estimates, and revenue of $92.62 million, up 62.5% year over year. Shares traded at $23.50 on Wednesday.

Bullish (NYSE:BLSH - Get Free Report) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $25.00 to $28.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 19.13% from the company's previous close.

Several other analysts also recently commented on the stock. UBS Group set a $43.00 target price on shares of Bullish in a report on Monday, September 21st. Citigroup reissued a "buy" rating on shares of Bullish in a report on Monday, July 27th. Rosenblatt Securities cut their price objective on shares of Bullish from $42.50 to $30.00 and set a "neutral" rating for the company in a research report on Friday, August 14th. Keefe, Bruyette & Woods reduced their price objective on Bullish from $55.00 to $40.00 and set a "market perform" rating for the company in a report on Tuesday, September 29th. Finally, Compass Point raised Bullish from a "neutral" rating to a "buy" rating and upped their target price for the company from $30.00 to $51.00 in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $44.64.

Bullish Stock Performance

BLSH traded up $1.31 during trading hours on Wednesday, reaching $23.50. The company's stock had a trading volume of 217,977 shares, compared to its average volume of 1,584,802. The company's 50-day moving average is $31.68 and its 200-day moving average is $31.78. Bullish has a 52 week low of $20.06 and a 52 week high of $48.93. The firm has a market cap of $3.55 billion, a PE ratio of -2.54 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.41 and a current ratio of 23.52.

Bullish (NYSE:BLSH - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $92.62 million during the quarter. Bullish had a negative net margin of 389.38% and a positive return on equity of 2.48%. The firm's revenue for the quarter was up 62.5% compared to the same quarter last year. On average, equities analysts forecast that Bullish will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BLSH. Essential Partners LLC acquired a new stake in shares of Bullish in the 1st quarter valued at $27,000. Jacobi Capital Management LLC acquired a new position in shares of Bullish during the 3rd quarter worth $45,000. Global Retirement Partners LLC raised its holdings in shares of Bullish by 790.4% during the 3rd quarter. Global Retirement Partners LLC now owns 1,478 shares of the company's stock worth $52,000 after buying an additional 1,312 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Bullish by 1,600.0% during the 3rd quarter. Rothschild Investment LLC now owns 1,700 shares of the company's stock worth $59,000 after buying an additional 1,600 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Bullish during the 3rd quarter worth $67,000.

Recent Bullish Headlines

These are some of the BLSH headlines that stood out recently:

• Positive Sentiment: StoneX Financial initiated coverage of Bullish with a Strong Buy rating, adding a positive analyst endorsement. StoneX Financial stock recommendations
• Positive Sentiment: Bullish’s new president backed an “issuer-first” approach to tokenized stocks. The position may reinforce the company’s strategic interest in tokenized securities, though the headline provides no specific financial impact or implementation details. Bullish’s New President Backs Issuer-First Model for Tokenized Stocks

Bullish Company Profile

Bullish is a digital asset company that operates the Bullish exchange, a platform focused on cryptocurrency trading and financial services for institutional and professional clients. Its offerings include spot and derivatives trading, along with related market and liquidity services. The company was founded in 2021 and expanded its digital asset and media businesses through its 2023 acquisition of CoinDesk, which provides cryptocurrency news, data, research and industry events. Bullish serves clients in multiple international markets, subject to local regulations.

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