Bullish (NYSE:BLSH) Stock Price Down 6% - Here's Why

Key Points

• Bullish (NYSE:BLSH) stock dropped 6% to $65.03, with trading volume decreasing by 65% compared to its average.
• Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $57.33, while several firms issued a range of price targets from $50.00 to $70.00.
• The company's latest earnings report showed a loss of ($0.05) EPS, which was below analyst expectations, despite revenue exceeding estimates at $57.00 million.

Bullish (NYSE:BLSH - Get Free Report) was down 6% during trading on Monday . The company traded as low as $63.44 and last traded at $65.03. Approximately 2,126,106 shares traded hands during trading, a decline of 65% from the average daily volume of 6,005,702 shares. The stock had previously closed at $69.18.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Bullish in a research report on Monday, September 8th. They issued a "hold" rating and a $51.00 price objective for the company. Citigroup increased their price objective on shares of Bullish from $66.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. started coverage on shares of Bullish in a research report on Monday, September 8th. They issued a "neutral" rating and a $50.00 price objective for the company. Rosenblatt Securities raised their price target on shares of Bullish from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $68.00 price target on shares of Bullish in a research report on Thursday. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.33.

Bullish Stock Down 1.3%

The stock has a market capitalization of $9.98 billion and a PE ratio of -1,350.98.

Bullish (NYSE:BLSH - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The company had revenue of $57.00 million during the quarter, compared to analyst estimates 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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