Bullish (NYSE:BLSH) Price Target Cut to $42.00 by Analysts at JPMorgan Chase & Co.

Bullish (NYSE:BLSH) had its price objective cut by JPMorgan Chase & Co. from $45.00 to $42.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

BLSH has been the subject of several other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Rosenblatt Securities dropped their price objective on shares of Bullish from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Canaccord Genuity Group decreased their target price on shares of Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and lowered their target price for the company from $52.00 to $51.00 in a report on Wednesday, November 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $50.00 price target on shares of Bullish in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.25.

Bullish Stock Performance

BLSH stock opened at $34.78 on Tuesday. The stock has a market cap of $5.08 billion and a PE ratio of 1,739.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58. Bullish has a one year low of $34.21 and a one year high of $118.00. The stock has a 50 day moving average price of $41.08.

Institutional Trading of Bullish

Large investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Bullish by 75.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,529,313 shares of the company’s stock valued at $95,785,000 after purchasing an additional 1,086,420 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Bullish in the 4th quarter worth $6,059,000. Massachusetts Financial Services Co. MA boosted its position in Bullish by 7.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,985 shares of the company’s stock valued at $59,228,000 after buying an additional 104,724 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in Bullish by 40.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,435 shares of the company’s stock valued at $168,000 after buying an additional 1,270 shares during the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in shares of Bullish during the fourth quarter worth about $286,000.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Cathie Wood/ARK Invest increased their stake in Bullish, a move that can attract momentum and retail interest and helped halt a multi‑day decline. Bullish set to snap five-day losing streak after Cathie Wood buys more shares
• Neutral Sentiment: Analysis pieces are reassessing Bullish’s valuation following ARK’s purchases — highlighting both upside narratives tied to institutional endorsement and valuation risks given the stock’s high P/E and recent price weakness. Investors should watch 13F/13D filings and follow‑on buying or selling for confirmation. Assessing Bullish (BLSH) Valuation After Ark Invest’s Recent Share Purchases
• Negative Sentiment: JPMorgan lowered its price target on BLSH from $45 to $42 and set a “neutral” rating — a signal that a major sell‑side firm sees limited near‑term upside versus current levels. Analyst downgrades or price‑target cuts often pressure momentum names and can amplify selling. Benzinga – Analyst note: JPMorgan lowers Bullish price target

Bullish Company Profile

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.