Bullish (NYSE:BLSH) Upgraded at Wall Street Zen

Bullish (NYSE:BLSH) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other research analysts have also issued reports on BLSH. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Citigroup lowered their price target on Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft raised 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 research report on Wednesday, November 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $50.00 target price on shares of Bullish in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. cut their price target on Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.08.

Bullish Stock Performance

Shares of BLSH stock opened at $31.82 on Monday. The firm has a 50 day moving average of $36.61. Bullish has a twelve month low of $24.79 and a twelve month high of $118.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 29.28 and a quick ratio of 27.69. The company has a market cap of $4.65 billion and a P/E ratio of 318.18.

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

Institutional Trading of Bullish

Institutional investors and hedge funds have recently modified their holdings of the company. Nwam LLC acquired a new stake in Bullish during the third quarter worth $4,540,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Bullish during the 3rd quarter worth about $91,782,000. Renaissance Capital LLC acquired a new stake in shares of Bullish during the 3rd quarter valued at about $2,436,000. Principal Financial Group Inc. bought a new stake in Bullish in the third quarter valued at about $7,034,000. Finally, Stephens Investment Management Group LLC acquired a new position in Bullish in the third quarter worth about $27,080,000.

Bullish News Summary

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Coinbase CEO bullish on stablecoins — Continued executive confidence that stablecoins will become a primary payment layer for AI agents supports long-term demand for crypto infrastructure and on‑exchange stablecoin flows, which could benefit other regulated crypto platforms like Bullish. Coinbase CEO ‘Extremely Bullish’ on Stablecoins
• Positive Sentiment: Wall Street turning bullish on AI / Nvidia ahead of earnings — Several items show rising optimism around Nvidia and AI (RBC analyst, hedge fund interest, and broader bullish takes). Strong AI/tech momentum tends to lift trading volumes and risk appetite, which can increase crypto trading activity and platform revenue for exchanges like Bullish. Top RBC Capital Analyst Is Bullish on Nvidia
• Neutral Sentiment: Macro/market headlines and analyst moves — Miscellaneous analyst upgrades/downgrades and an insider buy at Microsoft are encouraging for overall market liquidity but have indirect, muted impact on Bullish. These items can nudge sentiment but are not direct drivers of exchange revenues. Microsoft Insider Buy
• Negative Sentiment: Bullish’s own fundamentals and earnings miss weigh on the stock — BLSH reported a large EPS miss (reported -$3.73 vs. consensus $0.16) despite revenue growth (~67.6% year-over-year). The company shows a very high P/E (~318) and the stock is below its 50-day moving average, which amplifies investor concern about near-term profitability and valuation; those company-specific factors are the primary reasons shares are down.
• Negative Sentiment: Lower-than-average intraday volume and technical setup — Recent trading volume is below the stock’s average and the share price sits nearer its 1‑year low than its high, which can magnify downside on negative news and reduce short-term liquidity for buyers.

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.