Bullish (NYSE:BLSH) Given Average Rating of “Hold” by Brokerages

Bullish (NYSE:BLSH) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $52.0833.

Several research firms have issued reports on BLSH. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. JPMorgan Chase & Co. reduced their price target on Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Canaccord Genuity Group cut their target price on Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft raised Bullish from a “hold” rating to a “buy” rating and reduced their target price for the company from $52.00 to $51.00 in a report on Wednesday, November 19th.

Bullish Price Performance

BLSH opened at $35.06 on Monday. The firm has a 50-day moving average price of $34.66 and a 200-day moving average price of $46.22. Bullish has a twelve month low of $24.79 and a twelve month high of $118.00. The company has a quick ratio of 27.69, a current ratio of 29.28 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $5.13 billion and a price-to-earnings ratio of 350.63.

Bullish (NYSE:BLSH) last announced 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). The business had revenue of $92.50 million for the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The company’s quarterly revenue was up 67.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Macro/sector tailwind — Clear Street’s analyst commentary that the 2026 crypto rotation “has legs” supports higher volumes and investor interest in crypto-focused infrastructure firms like Bullish, which could boost trading revenue and take rates as markets heat up. Crypto’s Great 2026 Rotation: Clear Street Analyst OWEN LAU Declares the Rally “Has Legs”
• Neutral Sentiment: Company disclosure — Bullish published its February 2026 monthly metrics (volumes, average spreads, and BTC/ETH volatility measures). These direct operational metrics give investors timely data to judge revenue drivers (trading volume and spreads), but the release itself didn’t include forward guidance in the summary, so the market reaction depends on detailed figures in the full packet. Bullish releases February 2026 monthly metrics
• Neutral Sentiment: Third‑party analysis — An independent write-up that includes Bullish alongside other firms provides extra visibility but doesn’t present a clear buy/sell thesis; it may attract investor attention but is unlikely to move the stock materially without new data. Analyzing Prestige Wealth (NASDAQ:AURE) & Bullish (NYSE:BLSH)

Institutional Trading of Bullish

Several institutional investors and hedge funds have recently bought and sold shares of BLSH. Tradewinds Capital Management LLC bought a new position in Bullish in the 3rd quarter valued at $25,000. Rakuten Securities Inc. bought a new position in shares of Bullish in the fourth quarter worth $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of Bullish in the third quarter worth $29,000. Strs Ohio bought a new stake in Bullish during the fourth quarter valued at $30,000. Finally, MetLife Investment Management LLC purchased a new position in Bullish during the fourth quarter worth about $30,000.

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.