Bullish (NYSE:BLSH) Given New $43.00 Price Target at Cantor Fitzgerald

Bullish (NYSE:BLSH) had its target price upped by Cantor Fitzgerald from $39.00 to $43.00 in a research report report published on Friday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on BLSH. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Rosenblatt Securities boosted their price objective on shares of Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup cut their target price on shares of Bullish from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bullish currently has a consensus rating of “Hold” and a consensus target price of $51.92.

Bullish Stock Down 9.5%

BLSH stock opened at $35.69 on Friday. The stock has a market capitalization of $5.38 billion and a P/E ratio of -5.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28. Bullish has a one year low of $24.79 and a one year high of $118.00. The company has a 50 day moving average price of $38.90 and a two-hundred day moving average price of $39.18.

Bullish (NYSE:BLSH) last released its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Bullish had a positive return on equity of 1.74% and a negative net margin of 314.40%.The firm had revenue of $92.83 million during the quarter. Bullish’s revenue was up 48.8% compared to the same quarter last year. As a group, sell-side analysts expect that Bullish will post 0.78 EPS for the current year.

Insider Activity

In other news, CEO Thomas W. Farley sold 80,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $43.95, for a total value of $3,516,000.00. Following the completion of the transaction, the chief executive officer directly owned 80,000 shares in the company, valued at $3,516,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of Bullish

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLSH. ARK Investment Management LLC acquired a new stake in Bullish during the third quarter valued at approximately $163,904,000. Massachusetts Financial Services Co. MA purchased a new stake in Bullish in the 3rd quarter worth approximately $92,824,000. Amova Asset Management Americas Inc. purchased a new stake in Bullish in the 3rd quarter worth approximately $91,431,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Bullish by 51.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock worth $136,985,000 after buying an additional 1,304,573 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Bullish during the 3rd quarter worth $74,658,000.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish delivered Q1 revenue of $92.8 million, up sharply year over year, showing the company is still growing its digital-asset platform and market infrastructure business. Bullish reports first quarter 2026 results
• Positive Sentiment: Management struck an upbeat tone on the earnings call, highlighting the proposed Equiniti acquisition as a strategic step that could expand Bullish’s long-term growth and blockchain infrastructure footprint. Bullish reports first quarter 2026 results
• Positive Sentiment: Cantor Fitzgerald raised its price target on Bullish to $43 from $39 and kept an overweight rating, signaling continued analyst confidence despite the weak post-earnings reaction. Analyst update on Bullish
• Neutral Sentiment: Analysts remain divided after the report: some see strategic progress, while others note a weak start to Q2 and continued macro uncertainty, limiting conviction near term. Bullish Posts Strong Q1 Against Strong Headwinds, But Uncertainty Remains, Say Analysts
• Negative Sentiment: Q1 earnings missed estimates, with EPS of $0.13 versus $0.17 expected, and the company also reported a sizable net loss, reinforcing concerns about profitability. These Analysts Revise Their Forecasts On Bullish After Q1 Results
• Negative Sentiment: Recent coverage also noted the stock came under pressure after the earnings miss and following CEO Thomas Farley’s share sale, which may be adding to investor caution. Bullish CEO Sells Stock

About Bullish

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.