Bullish (NYSE:BLSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bullish (NYSE:BLSH) from a sell rating to a hold rating in a research report report published on Monday morning.

Several other research firms have also recently issued reports on BLSH. Citigroup lowered their target price on shares of Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Canaccord Genuity Group cut their target price on shares of Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upgraded Bullish from a “hold” rating to a “buy” rating and dropped their price target for the stock from $52.00 to $51.00 in a research note on Wednesday, November 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 price objective on shares of Bullish in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.08.

Bullish Stock Up 6.7%

Shares of NYSE BLSH opened at $32.81 on Monday. The stock has a market cap of $4.80 billion and a price-to-earnings ratio of 328.09. 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 quick ratio of 27.69 and a current ratio of 29.28. The stock has a 50 day moving average price of $35.94.

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

Hedge Funds Weigh In On Bullish

Several large investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC bought a new stake in shares of Bullish during the 3rd quarter valued at $163,904,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Bullish in the third quarter valued at about $92,824,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Bullish in the third quarter valued at about $91,782,000. Amova Asset Management Americas Inc. bought a new position in shares of Bullish in the third quarter worth about $91,431,000. Finally, Invesco Ltd. purchased a new stake in shares of Bullish during the third quarter worth about $74,658,000.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Tom Lee sees the surge in short interest in MicroStrategy (MSTR) as a contrarian bullish signal for Bitcoin — higher Bitcoin interest/expectations often lift crypto-exchange volumes and could benefit Bullish’s revenue prospects. Michael Saylor’s MSTR Becomes World’s Most Shorted Stock
• Positive Sentiment: Analysts saying Bitcoin may rally before broader stocks (Gareth Soloway) supports a crypto-first move that can drive trading activity and fee revenue for crypto exchanges like Bullish. Stocks Face Long Grind Lower, but Bitcoin May Rally First
• Positive Sentiment: AI/semiconductor optimism (Micron options talk) is boosting tech risk appetite; stronger sentiment in AI chips can spill over into risk assets and crypto-linked equities, indirectly supporting BLSH. Bullish Options Trade in Play as Micron (MU) Secures AI Driving Seat
• Positive Sentiment: Continued analyst support for chip/AI names such as AMD reinforces tech momentum and risk-on flows that can lift crypto-related names and trading volumes. AMD Stock Jumps as a Top Analyst Remains Bullish
• Neutral Sentiment: Routine analyst upgrades/downgrades across unrelated large caps (Oracle, First Solar, etc.) create general market noise but have limited direct impact on Bullish’s business fundamentals. This Oracle Analyst Turns Bullish
• Neutral Sentiment: Sector-specific news (e.g., Rocket Lab developments) may move sentiment in pockets of the market but are unlikely to directly affect Bullish unless they shift overall risk appetite materially. Rocket Lab Is Days From a Major Earnings Report
• Negative Sentiment: Bullish’s prior Q4 report (Feb. 5) showed a large EPS miss and negative profitability metrics (EPS -$3.73 vs. est. $0.16), which remain material fundamentals that can cap upside and make the stock more sensitive to changes in trading volume. (Company filings/earnings release)

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.