Bullish (NYSE:BLSH) Cut to Sell at Wall Street Zen

Key Points

• Bullish (NYSE:BLSH) has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock moving forward.
• Research firms have mixed ratings on Bullish, with four analysts issuing a Buy rating, while seven analysts have given it a Hold rating, resulting in a consensus rating of "Hold" with an average target price of $56.11.
• The company's shares are currently priced at $51.88, with a market cap of $7.58 billion and a recent price volatility between a 12-month low of $47.88 and a high of $118.00.

Bullish (NYSE:BLSH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

A number of other research firms have also commented on BLSH. Compass Point assumed coverage on Bullish in a report on Wednesday, September 3rd. They issued a "neutral" rating and a $45.00 price target for the company. Canaccord Genuity Group began coverage on Bullish in a report on Monday, September 8th. They set a "buy" rating and a $68.00 price target on the stock. JPMorgan Chase & Co. started coverage on Bullish in a research report on Monday, September 8th. They set a "neutral" rating and a $50.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Bullish in a research report on Monday, September 8th. They issued an "overweight" rating and a $56.00 price target on the stock. Finally, Citigroup began coverage on shares of Bullish in a report on Monday, September 8th. They issued a "buy" rating and a $66.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Bullish currently has a consensus rating of "Hold" and an average target price of $56.11.

Bullish Price Performance

Shares of BLSH opened at $51.88 on Friday. The company has a market cap of $7.58 billion and a P/E ratio of -1,026.19. Bullish has a 12 month low of $47.88 and a 12 month high of $118.00.

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.

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