Bullish (NYSE:BLSH) Price Target Lowered to $65.00 at Citigroup

Bullish (NYSE:BLSH) had its price objective reduced by Citigroup from $67.00 to $65.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group cut their target price on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. JPMorgan Chase & Co. decreased their price target on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft raised 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 research report on Wednesday, November 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 target price on shares of Bullish in a report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.92.

Bullish Price Performance

NYSE BLSH opened at $38.20 on Wednesday. The business has a 50 day simple moving average of $34.34 and a 200 day simple moving average of $44.80. Bullish has a 52-week low of $24.79 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28. The stock has a market cap of $5.76 billion and a price-to-earnings ratio of 382.02.

Bullish (NYSE:BLSH) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). The company had revenue of $92.50 million during the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The business’s quarterly revenue was up 67.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share.

Institutional Trading of Bullish

Several hedge funds have recently added to or reduced their stakes in BLSH. Rockefeller Capital Management L.P. grew its position in shares of Bullish by 79.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,268 shares of the company’s stock worth $616,000 after purchasing an additional 7,193 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Bullish by 87.2% during the 4th quarter. Invesco Ltd. now owns 2,197,520 shares of the company’s stock worth $83,220,000 after purchasing an additional 1,023,835 shares in the last quarter. Galaxy Group Investments LLC acquired a new stake in shares of Bullish during the 4th quarter worth $23,669,000. Vident Advisory LLC bought a new position in shares of Bullish in the fourth quarter worth $232,000. Finally, Delta Global Management LP acquired a new stake in shares of Bullish during the 4th quarter worth approximately $890,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Citi retained a “Buy” rating on BLSH and still projects a large upside (new $65 price target), which signals continued institutional confidence even after a modest cut. Read More.
• Positive Sentiment: Bullish joined Worldpay in the “Midnight Alliance” ahead of its mainnet launch — a partnership that can support product adoption and credibility in the payments/crypto ecosystem. Read More.
• Neutral Sentiment: Sector and analyst activity is heavy today (multiple initiations/upgrades across stocks); these broader moves can amplify volatility in BLSH but aren’t company-specific catalysts. Read More.
• Neutral Sentiment: Crypto-market dynamics show mixed signals — some regulatory clarity (positive long term) but short-term price pullbacks in tokens like XRP, which can depress sentiment for crypto-adjacent stocks. Read More.
• Negative Sentiment: Bullish’s most recent quarterly report showed a large EPS miss and a negative net margin, which remains a key fundamental concern for investors assessing near-term profitability and valuation multiple risk. (Company Q4 results)
• Negative Sentiment: Citi trimmed its price target (from $67 to $65) and several media reports flagged price-target cuts across crypto/tech names — headlines and analyst downgrades are pressuring sentiment in the group. Read More.
• Negative Sentiment: Coverage noted that MSTR, BLSH and RIOT shares fell after price-target edits, highlighting short-term selling pressure tied to analyst revisions rather than fresh company-specific deterioration. Read More.

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.