JPMorgan Chase & Co. Issues Pessimistic Forecast for Bullish (NYSE:BLSH) Stock Price

Bullish (NYSE:BLSH) had its price objective reduced by equities research analysts at JPMorgan Chase & Co. from $42.00 to $41.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 49.58% from the company’s current price.

A number of other brokerages have also weighed in on BLSH. Deutsche Bank Aktiengesellschaft upgraded Bullish from a “hold” rating to a “buy” rating and lowered their target price for the company from $52.00 to $51.00 in a research note on Wednesday, November 19th. Citigroup dropped their target price on shares of Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Rosenblatt Securities decreased their price target on shares of Bullish from $52.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday. Sanford C. Bernstein restated a “market perform” rating and issued a $50.00 price objective on shares of Bullish in a research report on Tuesday, January 6th. Finally, Canaccord Genuity Group reduced their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bullish has a consensus rating of “Hold” and an average target price of $52.08.

Bullish Stock Performance

Shares of NYSE BLSH traded up $2.51 during mid-day trading on Friday, hitting $27.41. 4,620,454 shares of the stock were exchanged, compared to its average volume of 2,270,593. Bullish has a twelve month low of $24.79 and a twelve month high of $118.00. The firm’s fifty day moving average price is $39.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 36.58 and a current ratio of 38.78. The firm has a market cap of $4.01 billion and a P/E ratio of 1,370.50.

Bullish (NYSE:BLSH) last released its quarterly 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 6.70% and a negative net margin of 0.04%.The business had revenue of $92.50 million for the quarter. During the same quarter in the previous year, the business posted $1.37 EPS. Bullish’s revenue was up 67.6% compared to the same quarter last year.

Institutional Trading of Bullish

Hedge funds have recently modified their holdings of the company. Nwam LLC bought a new position in shares of Bullish during the 3rd quarter worth approximately $4,540,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Bullish during the third quarter worth $91,782,000. Renaissance Capital LLC bought a new position in Bullish in the third quarter valued at $2,436,000. Stephens Investment Management Group LLC acquired a new stake in Bullish in the 3rd quarter valued at $27,080,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Bullish during the 3rd quarter worth about $92,824,000.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Big institutional buying reported after the quarter — Cathie Wood’s ARK Invest increased its Bullish position following the earnings release, providing tangible demand from a well-known, active investor and helping lift the stock. Read More.
• Neutral Sentiment: Analyst update: Rosenblatt cut its price target from $52 to $39 but kept a “buy” rating — this lowers implied upside but keeps institutional analyst support on the tape, a mixed signal for near-term momentum. Read More.
• Neutral Sentiment: Company released January monthly metrics and a slide deck alongside its Q4 press release — these operational disclosures give investors more visibility into volumes, spreads and volatility metrics but did not materially change the narrative. Read More.
• Negative Sentiment: Q4 results showed strong revenue growth (rev +67.6% YoY to $92.5M) but a large GAAP loss and a massive EPS miss — reported EPS was ($3.73) versus consensus ~$0.16, driven in part by digital-asset writedowns; that weak earnings print is the primary catalyst for volatility and downward pressure. Read More.
• Negative Sentiment: Coverage and commentary highlighted “significant losses, modest business growth” in some outlets — reinforcing concerns about profitability and the sustainability of GAAP performance even as revenue expands. Read More.

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.