Bullish (NYSE:BLSH) Rating Increased to Hold at Wall Street Zen

Key Points

• Bullish (NYSE:BLSH) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a more cautious outlook on the stock.
• The company reported a quarterly earnings miss with earnings per share at ($0.05), falling short of analysts’ expectations, despite revenue of $57 million exceeding estimates.
• Currently, Bullish has a consensus rating of "Hold" among analysts, with a price target average of $57.33, citing a market cap of $9.51 billion.

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

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods assumed coverage on shares of Bullish in a research note on Monday, September 15th. They set a "market perform" rating and a $55.00 price objective on the stock. Sanford C. Bernstein started coverage on shares of Bullish in a research report on Monday, September 8th. They set a "market perform" rating and a $60.00 price target on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $68.00 price objective on shares of Bullish in a report on Thursday, September 18th. UBS Group set a $63.00 target price on shares of Bullish in a research note on Friday, September 19th. Finally, Citigroup lifted their price target on Bullish from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $57.33.

Bullish Trading Down 4.2%

NYSE BLSH traded down $2.84 on Friday, hitting $65.07. 4,645,394 shares of the company's stock traded hands, compared to its average volume of 4,855,460. The stock has a market cap of $9.51 billion and a price-to-earnings ratio of -1,287.17. Bullish has a 1-year low of $47.88 and a 1-year high of $118.00.

Bullish (NYSE:BLSH - Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The firm had revenue of $57.00 million for the quarter, compared to analysts' expectations of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Bullish Company Profile

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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