Bullish (NYSE:BLSH) Shares Gap Up – Should You Buy?

Bullish (NYSE:BLSH) shares gapped up before the market opened on Friday . The stock had previously closed at $53.99, but opened at $55.60. Bullish shares last traded at $54.37, with a volume of 330,138 shares.

Analyst Upgrades and Downgrades

BLSH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Bullish in a research report on Monday, September 8th. They set a “hold” rating and a $51.00 target price on the stock. Cantor Fitzgerald began coverage on Bullish in a report on Monday, September 8th. They set an “overweight” rating and a $56.00 price target for the company. Zacks Research raised Bullish to a “hold” rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. initiated coverage on Bullish in a report on Monday, September 8th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, Compass Point initiated coverage on Bullish in a research note on Wednesday, September 3rd. They set a “neutral” rating and a $45.00 price target for the company. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.11.

Bullish Stock Down 3.9%

The stock has a market capitalization of $7.58 billion and a P/E ratio of -1,026.19.

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.