Bullish (BLSH) Stock Price, News & Analysis

Company Overview

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. Since its launch, Bullish has emphasized the implementation of market rules, liquidity solutions and technology aimed at delivering robust order matching and trade execution for a range of digital tokens and related instruments.

Bullish targets a mix of institutional and retail participants and has discussed serving global markets through its exchange infrastructure and partnerships. The company’s public listing under the NYSE ticker BLSH reflects its transition to a publicly traded corporate structure and broader capital markets presence. Detailed information about corporate leadership, specific product modules or geographic offices should be confirmed from the company’s filings and official communications.

Key Stats

• Today's Range: $43.11 to $45.13
• 50-Day Range: $30.59 to $45.35
• 52-Week Range: $24.79 to $118.00
• Volume: 568,369 shs
• Average Volume: 1.69 million shs
• Market Capitalization: $6.62 billion
• P/E Ratio: 439.15
• Dividend Yield: N/A
• Price Target: $51.92
• Consensus Rating: Hold

Bullish Stock Analysis - MarketRank™

Bullish scored higher than 53% of companies evaluated by MarketBeat, and ranked 400th out of 624 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Hold

Consensus Rating

Bullish has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on no strong buy ratings, 4 buy ratings, 8 hold ratings, and 1 sell rating.

Upside Potential

Bullish has a consensus price target of $51.92, representing about 18.0% upside from its current price of $43.99.

Amount of Analyst Coverage

Bullish has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 63.41%

Earnings Growth

Earnings for Bullish are expected to grow by 63.41% in the coming year, from $0.82 to $1.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bullish is 439.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bullish is 439.92, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 73.20.

Price to Book Value per Share Ratio

Bullish has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.85% of the float of Bullish has been sold short.

Short Interest Ratio / Days to Cover

Bullish has a short interest ratio ("days to cover") of 8.61.

Change versus previous month

Short interest in Bullish has recently increased by 17.28%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bullish does not currently pay a dividend.

Dividend Growth

Bullish does not have a long track record of dividend growth.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.68

News Sentiment

Bullish has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 40 news articles for Bullish this week, compared to 12 articles on an average week.

Search Interest

Only 4 people have searched for BLSH on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.

MarketBeat Follows

4 people have added Bullish to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Bullish insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,912,800.00 in company stock.

Percentage Held by Institutions

Bullish has minimal institutional ownership at this time.

BLSH Stock Analysis - Frequently Asked Questions

How have BLSH shares performed this year?

Bullish's stock was trading at $37.79 at the beginning of 2026. Since then, BLSH shares have increased by 16.4% and is now trading at $43.99.

How were Bullish's earnings last quarter?

Bullish (NYSE:BLSH) issued its quarterly earnings results on Friday, February, 6th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $3.89. The company's revenue for the quarter was up 67.6% on a year-over-year basis.
Read the conference call transcript.

When did Bullish IPO?

Bullish (BLSH) raised $975 million in an IPO on Wednesday, August 13th 2025. The company issued 30,000,000 shares at $32.00-$33.00 per share.

Who are Bullish's major shareholders?

Top institutional shareholders of Bullish include Sumitomo Mitsui Trust Group Inc. (2.54%), Stephens Investment Management Group LLC (0.78%), Bank of New York Mellon Corp (0.07%) and Independent Financial Group LLC (0.01%).
View institutional ownership trends.

How do I buy shares of Bullish?

Shares of BLSH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Company Calendar

• Last Earnings: 2/06/2026
• Today: 5/06/2026
• Next Earnings (Confirmed): 5/14/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Financial Services
• Sub-Industry: Banking
• Current Symbol: NYSE:BLSH
• Previous Symbol: NYSE:BLSH
• CIK: 1872195
• Web: www.bullish.com
• Phone: 852-3761-9140
• Fax: N/A
• Employees: 400
• Year Founded: 2020

Price Target and Rating

• Average Price Target for Bullish: $51.92
• High Price Target: $65.00
• Low Price Target: $39.00
• Potential Upside/Downside: +18.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.23
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.10
• Trailing P/E Ratio: 437.62
• Forward P/E Ratio: 53.53
• P/E Growth: N/A
• Net Income: -$764.68 million
• Net Margins: -0.95%
• Pretax Margin: -0.32%
• Return on Equity: -10.58%
• Return on Assets: -8.62%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 29.28
• Quick Ratio: 27.69

Sales & Book Value

• Annual Sales: $288.45 million
• Price / Sales: 22.95
• Cash Flow: $0.34 per share
• Price / Cash Flow: 129.74
• Book Value: $22.56 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 150,830,000
• Free Float: N/A
• Market Cap: $6.62 billion
• Optionable: N/A
• Beta: N/A