Bullish (NYSE:BLSH) Given New $67.00 Price Target at Citigroup

Bullish (NYSE:BLSH) had its price objective lowered by Citigroup from $77.00 to $67.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods started coverage on Bullish in a research report on Monday, September 15th. They set a “market perform” rating and a $55.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Bullish from a “hold” rating to a “buy” rating and cut their price objective for the stock from $52.00 to $51.00 in a report on Wednesday, November 19th. Zacks Research upgraded shares of Bullish to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research report on Monday, December 15th. Finally, New Street Research set a $56.00 price target on shares of Bullish in a research report on Thursday, September 18th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $54.67.

Bullish Stock Performance

NYSE BLSH opened at $45.50 on Monday. The company has a market capitalization of $6.65 billion and a PE ratio of 2,274.95. Bullish has a 1 year low of $34.24 and a 1 year high of $118.00. The firm has a fifty day moving average of $46.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58.

Institutional Trading of Bullish

A number of hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC purchased a new position in Bullish during the third quarter valued at approximately $25,000. Ameritas Advisory Services LLC acquired a new stake in shares of Bullish during the 3rd quarter valued at $29,000. CWM LLC purchased a new position in shares of Bullish during the 3rd quarter valued at $31,000. 10Elms LLP acquired a new position in shares of Bullish in the third quarter worth $32,000. Finally, Tsfg LLC acquired a new position in shares of Bullish in the third quarter worth $45,000.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Crypto tailwinds — Benzinga lays out bullish price scenarios for Bitcoin into 2026, which would likely boost trading volumes and revenue for crypto-native platforms like Bullish if BTC strength materializes. Bitcoin In 2026: Bullish And Bearish Price Targets
• Neutral Sentiment: Broader market risk appetite — coverage noting Wall Street’s bullish 2026 S&P outlook suggests a risk-on backdrop that can lift growth and crypto-adjacent names; this is supportive but also flagged as a contrarian risk by some analysts. Wall Street’s Bullish 2026 S&P 500 Outlook Raises Red Flags
• Neutral Sentiment: Company fundamentals and technicals — Bullish has a very high trailing P/E (2,274.95) and strong liquidity ratios (quick ratio 22.75, current ratio 38.78). These metrics signal ample balance-sheet strength but unusual earnings dynamics; the stock trading below its 50‑day moving average is a short-term technical headwind. (Source: market data summary)
• Negative Sentiment: Citi trims Bullish price target — Analysts at Citigroup cut their price target on BLSH from $77 to $67 while maintaining a buy rating; the lower target is a negative signal on near-term valuation expectations even though it still implies upside versus current levels. Benzinga
• Negative Sentiment: Citi cuts targets on other crypto names — a broader Citi move to lower targets on multiple crypto stocks (reported by MSN) reflects valuation pressure across the sector, which can weigh on sentiment for Bullish despite company-specific strengths. Citi cuts targets on four crypto stocks, says move is about valuation — not risk

About Bullish

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.