Bullish (NYSE:BLSH) Given New $55.00 Price Target at Rosenblatt Securities

Bullish (NYSE:BLSH) had its target price lowered by analysts at Rosenblatt Securities from $62.00 to $55.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 52.19% from the stock’s previous close.

A number of other research firms have also commented on BLSH. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a research report on Monday. Compass Point restated a “neutral” rating on shares of Bullish in a report on Thursday, September 18th. Keefe, Bruyette & Woods began coverage on Bullish in a report on Monday, September 15th. They issued a “market perform” rating and a $55.00 price target for the company. UBS Group set a $63.00 price objective on shares of Bullish in a report on Friday, September 19th. Finally, New Street Research set a $56.00 target price on shares of Bullish in a research report on Thursday, September 18th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.42.

Bullish Stock Performance

BLSH opened at $36.14 on Thursday. The company has a market cap of $5.28 billion and a price-to-earnings ratio of -722.78. The company has a current ratio of 24.59, a quick ratio of 22.75 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $55.41. Bullish has a twelve month low of $34.24 and a twelve month high of $118.00.

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

Institutional Investors Weigh In On Bullish

Institutional investors have recently modified their holdings of the business. ARK Investment Management LLC bought a new stake in shares of Bullish during the third quarter worth approximately $163,904,000. Massachusetts Financial Services Co. MA acquired a new stake in Bullish during the 3rd quarter worth $92,824,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Bullish during the 3rd quarter valued at $91,782,000. Amova Asset Management Americas Inc. acquired a new position in shares of Bullish in the 3rd quarter valued at $91,431,000. Finally, Invesco Ltd. bought a new position in shares of Bullish in the 3rd quarter worth $74,658,000.

Bullish Company Profile

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.