Bullish (NYSE:BLSH) Upgraded at Deutsche Bank Aktiengesellschaft

Bullish (NYSE:BLSH) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat reports. The firm presently has a $51.00 price target on the stock, down from their prior price target of $52.00. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 39.92% from the company’s previous close.

A number of other brokerages have also issued reports on BLSH. Jefferies Financial Group initiated coverage on shares of Bullish in a research note on Monday, September 8th. They set a “hold” rating and a $49.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and issued a $68.00 price objective on shares of Bullish in a research report on Thursday, September 18th. New Street Research set a $56.00 target price on shares of Bullish in a research note on Thursday, September 18th. Sanford C. Bernstein started coverage on shares of Bullish in a research report on Monday, September 8th. They set a “market perform” rating and a $60.00 target price on the stock. Finally, Cantor Fitzgerald boosted their price target on Bullish from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Bullish Stock Down 3.5%

Bullish stock traded down $1.31 during mid-day trading on Wednesday, reaching $36.45. 4,969,321 shares of the company’s stock traded hands, compared to its average volume of 4,333,939. Bullish has a 12-month low of $34.24 and a 12-month 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’s 50 day moving average price is $55.74. The stock has a market capitalization of $5.33 billion and a P/E ratio of -734.90.

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

Institutional Inflows and Outflows

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

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.