Bullish (NYSE:BLSH) Given New $25.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Bullish’s price target from $26 to $25 and maintained a neutral rating, implying virtually no upside or downside from the stock’s $25 trading price. Analysts overall assign the shares a consensus “Hold” rating with a $49.33 target.
• Bullish reported second-quarter revenue of $92.62 million, up 62.5% year over year, and earnings of $0.09 per share in line with estimates. However, the company posted a substantial net loss driven largely by markdowns on digital-asset holdings, while crypto trading volume declined.
• The stock has fallen significantly from its 52-week high of $75.49, and recent analyst actions have been mixed: Citigroup and Deutsche Bank maintained buy ratings, while Rosenblatt also lowered its target and adopted a neutral stance.

Bullish (NYSE:BLSH - Get Free Report) had its target price cut by investment analysts at JPMorgan Chase & Co. from $26.00 to $25.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 0.02% from the company's current price.

Other equities research analysts have also issued reports about the stock. Citigroup reissued a "buy" rating on shares of Bullish in a research report on Monday, July 27th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Bullish in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $61.00 price target on shares of Bullish in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Bullish from a "sell" rating to a "hold" rating in a research note on Monday, August 3rd. Finally, Rosenblatt Securities decreased their price target on Bullish from $42.50 to $30.00 and set a "neutral" rating on the stock in a research note on Friday. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Bullish presently has an average rating of "Hold" and a consensus target price of $49.33.

Bullish Stock Performance

BLSH stock traded down $2.48 during trading on Friday, hitting $25.00. 1,228,232 shares of the company traded hands, compared to its average volume of 1,641,868. The stock's 50-day simple moving average is $24.53 and its 200 day simple moving average is $31.92. The company has a market cap of $3.77 billion and a PE ratio of -3.81. Bullish has a 1 year low of $20.55 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 26.42 and a quick ratio of 25.23.

Bullish (NYSE:BLSH - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $92.62 million during the quarter. Bullish had a negative net margin of 314.40% and a positive return on equity of 1.82%. Bullish's revenue was up 62.5% on a year-over-year basis. On average, equities analysts expect that Bullish will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bullish

A number of institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in Bullish during the 4th quarter valued at $28,000. Essential Partners LLC bought a new stake in shares of Bullish in the 1st quarter worth approximately $27,000. MetLife Investment Management LLC acquired a new position in shares of Bullish during the fourth quarter valued at $30,000. Strs Ohio bought a new position in Bullish in the 4th quarter worth about $30,000. Finally, Kestra Advisory Services LLC acquired a new position in Bullish during the 4th quarter worth $61,000.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Q2 revenue and adjusted profitability improved sharply. Bullish reported $92.6 million in second-quarter revenue, up 62.5% year over year, while adjusted EBITDA more than tripled to $29.5 million. Record subscription and services revenue of $62.7 million helped offset lower crypto trading activity. Adjusted net income reached $14.3 million, compared with a loss in the prior-year quarter. Bullish shares jump as Q2 adjusted revenue surges
• Positive Sentiment: Tokenized securities could expand Bullish’s addressable market. The company executed the first tokenized equity trades on a Gibraltar Financial Services Commission-regulated digital-asset exchange. The shares can trade 24/7 and settle against a USD stablecoin, supporting Bullish’s strategy to provide infrastructure for issuance, registry, and trading of tokenized securities. Bullish launches tokenized equity trading
• Neutral Sentiment: Rosenblatt turned more cautious. The firm lowered its price target from $42.50 to $30.00 and assigned a neutral rating. Although the revised target still implies potential upside, the reduction signals that expectations for BLSH’s near-term valuation have moderated. Rosenblatt lowers Bullish price target
• Negative Sentiment: The headline net loss remains a significant overhang. Bullish recorded a roughly $280 million quarterly loss, largely reflecting markdowns on digital-asset holdings. Trading volume also declined year over year, underscoring the company’s sensitivity to crypto-market activity and asset-price volatility. Bullish reports loss on Bitcoin write-down
• Negative Sentiment: Valuation and insider selling may be pressuring the stock. Coverage has argued that BLSH may still sit above fair value after its earlier decline, while reported insider activity shows nine sales and no purchases over the past six months.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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