Bullish (NYSE:BLSH) Shares Gap Up Following Analyst Upgrade

Shares of Bullish (NYSE:BLSH) gapped up prior to trading on Thursday after Citigroup raised their price target on the stock from $66.00 to $70.00. The stock had previously closed at $54.35, but opened at $59.98. Citigroup currently has a buy rating on the stock. Bullish shares last traded at $58.13, with a volume of 3,631,150 shares trading hands.

Several other equities research analysts also recently issued reports on BLSH. Oppenheimer assumed coverage on shares of Bullish in a research note on Monday, September 8th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Bullish in a research note on Monday. They set a “market perform” rating and a $55.00 price target on the stock. Wall Street Zen downgraded shares of Bullish from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. assumed coverage on shares of Bullish in a research note on Monday, September 8th. They set a “neutral” rating and a $50.00 price target on the stock. Finally, Cantor Fitzgerald lifted their price target on shares of Bullish from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.82.

Bullish Stock Performance

The stock has a market capitalization of $9.67 billion and a P/E ratio of -1,308.25.

Bullish (NYSE:BLSH) last released 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 for the quarter, compared to analyst estimates of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

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.