Bullish (NYSE:BLSH) Stock Price Up 4.8% - Time to Buy?

Key Points

• Bullish's stock price increased by 4.8%, reaching a last traded price of $52.55 after trading as high as $54.50.
• Multiple analysts initiated coverage on Bullish, with Citigroup and Canaccord Genuity giving the stock a "buy" rating and price targets of $66.00 and $68.00, respectively.
• The company has a market capitalization of $7.68 billion and currently holds a consensus rating of "Hold" with a target price of $56.11.

Bullish (NYSE:BLSH - Get Free Report)'s share price rose 4.8% during mid-day trading on Tuesday . The company traded as high as $54.50 and last traded at $52.55. Approximately 1,461,571 shares traded hands during trading, a decline of 77% from the average daily volume of 6,433,710 shares. The stock had previously closed at $50.12.

Wall Street Analyst Weigh In

BLSH has been the subject of a number of recent research reports. Citigroup initiated coverage on Bullish in a research note on Monday. They set a "buy" rating and a $66.00 price target for the company. Sanford C. Bernstein initiated coverage on Bullish in a research note on Monday. They set a "market perform" rating and a $60.00 price target for the company. Canaccord Genuity Group started coverage on Bullish in a research note on Monday. They set a "buy" rating and a $68.00 price target for the company. Oppenheimer started coverage on Bullish in a research report on Monday. They set a "market perform" rating on the stock. Finally, Rosenblatt Securities started coverage on Bullish in a research report on Monday. They set a "buy" rating and a $60.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Bullish presently has a consensus rating of "Hold" and a consensus target price of $56.11.

Bullish Stock Up 4.8%

The company has a market capitalization of $7.68 billion and a PE ratio of -1,039.44.

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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