Wall Street Zen Upgrades Bullish (NYSE:BLSH) to Hold

Key Points

• Wall Street Zen has upgraded Bullish (NYSE:BLSH) from a "sell" rating to a "hold" rating, indicating a more optimistic outlook for the stock.
• Bullish shares recently experienced a decline of 9.1%, with the stock opening at $60.65 and a market capitalization of $8.87 billion.
• The company's latest earnings report revealed a loss of ($0.05) per share, slightly missing the consensus estimate, but exceeding revenue expectations with $57.00 million for the quarter.

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

Several other equities research analysts have also issued reports on BLSH. JPMorgan Chase & Co. assumed coverage on shares of Bullish in a report on Monday, September 8th. They issued a "neutral" rating and a $50.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Bullish in a report on Monday, September 8th. They issued a "hold" rating and a $49.00 target price for the company. Compass Point restated a "neutral" rating on shares of Bullish in a report on Thursday, September 18th. Keefe, Bruyette & Woods started coverage on shares of Bullish in a report on Monday, September 15th. They issued a "market perform" rating and a $55.00 target price for the company. Finally, Oppenheimer started coverage on shares of Bullish in a report on Monday, September 8th. They set a "market perform" rating for the company. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $57.33.

Bullish Stock Down 9.1%

Shares of NYSE:BLSH opened at $60.65 on Friday. The business has a fifty day simple moving average of $61.79. The stock has a market cap of $8.87 billion and a PE ratio of -1,199.64. Bullish has a 52 week low of $47.88 and a 52 week high of $118.00.

Bullish (NYSE:BLSH - Get Free Report) last released its earnings results on Wednesday, September 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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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