Bullish (NYSE:BLSH) Given New $46.00 Price Target at JPMorgan Chase & Co.

Bullish (NYSE:BLSH) had its target price cut by JPMorgan Chase & Co. from $63.00 to $46.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also commented on the stock. Oppenheimer assumed coverage on shares of Bullish in a report on Monday, September 8th. They set a “market perform” rating on the stock. New Street Research set a $56.00 price target on Bullish in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Bullish in a research report on Monday, September 8th. They set a “hold” rating and a $51.00 price objective for the company. Canaccord Genuity Group reiterated a “buy” rating and set a $68.00 price objective on shares of Bullish in a report on Thursday, September 18th. Finally, Citigroup boosted their target price on Bullish from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.00.

Bullish Price Performance

NYSE BLSH opened at $37.79 on Tuesday. Bullish has a one year low of $36.02 and a one year high of $118.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.75 and a current ratio of 24.59. The firm has a market capitalization of $5.52 billion and a price-to-earnings ratio of -755.88. The stock’s 50-day simple moving average is $55.74.

Bullish (NYSE:BLSH) last posted its earnings results on Wednesday, September 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $57.00 million during the quarter, compared to analyst estimates of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Bullish in the 3rd quarter valued at about $125,000. Woodline Partners LP bought a new stake in Bullish in the third quarter valued at approximately $3,817,000. Zimmer Partners LP bought a new stake in Bullish in the third quarter valued at approximately $6,997,000. Alyeska Investment Group L.P. acquired a new stake in shares of Bullish in the third quarter valued at approximately $38,166,000. Finally, Verition Fund Management LLC bought a new position in shares of Bullish during the 3rd quarter worth approximately $389,000.

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.