Bullish (NYSE:BLSH) Given New $46.00 Price Target at JPMorgan Chase & Co.

Bullish (NYSE:BLSH) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $63.00 to $46.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 22.02% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Citigroup boosted their target price on shares of Bullish from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a $68.00 price objective on shares of Bullish in a research report on Thursday, September 18th. Cantor Fitzgerald increased their target price on shares of Bullish from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Jefferies Financial Group started coverage on Bullish in a research note on Monday, September 8th. They issued a “hold” rating and a $49.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bullish currently has a consensus rating of “Hold” and an average target price of $57.00.

Bullish Trading Up 2.6%

Shares of NYSE BLSH traded up $0.95 during trading on Tuesday, reaching $37.70. 1,850,229 shares of the company traded hands, compared to its average volume of 4,298,102. The firm has a market cap of $5.51 billion and a PE ratio of -756.18. The company has a fifty day moving average price of $56.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.75 and a current ratio of 24.59. Bullish has a 12-month low of $36.02 and a 12-month high of $118.00.

Bullish (NYSE:BLSH) last posted its earnings results on Wednesday, September 17th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company 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.

Hedge Funds Weigh In On Bullish

Several institutional investors and hedge funds have recently bought and sold shares of BLSH. Tradewinds Capital Management LLC purchased a new position in Bullish in the third quarter worth approximately $25,000. Ameritas Advisory Services LLC acquired a new position in shares of Bullish in the 3rd quarter valued at $29,000. CWM LLC acquired a new position in shares of Bullish in the 3rd quarter valued at $31,000. 10Elms LLP purchased a new position in shares of Bullish during the 3rd quarter worth $32,000. Finally, Tsfg LLC acquired a new stake in shares of Bullish during the 3rd quarter worth about $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.