Bullish (NYSE:BLSH) Upgraded at Compass Point

Compass Point upgraded shares of Bullish (NYSE:BLSH) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has $51.00 target price on the stock, up from their prior target price of $30.00.

A number of other research firms have also recently issued reports on BLSH. Zacks Research upgraded Bullish from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Wall Street Zen raised shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Bullish from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. Canaccord Genuity Group decreased their price target on shares of Bullish from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Citigroup reiterated a “buy” rating on shares of Bullish in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Bullish presently has an average rating of “Hold” and a consensus target price of $48.90.

Bullish Trading Down 9.4%

Shares of BLSH stock opened at $32.12 on Monday. Bullish has a fifty-two week low of $20.55 and a fifty-two week high of $74.98. The stock’s fifty day moving average price is $27.84 and its two-hundred day moving average price is $32.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.41 and a current ratio of 23.52. The company has a market cap of $4.84 billion and a PE ratio of -3.47.

Bullish (NYSE:BLSH) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%.The company had revenue of $92.62 million during the quarter. Bullish’s quarterly revenue was up 62.5% on a year-over-year basis. Equities analysts predict that Bullish will post 0.46 EPS for the current fiscal year.

Institutional Trading of Bullish

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC bought a new stake in Bullish in the first quarter valued at $27,000. Integrated Wealth Concepts LLC bought a new position in shares of Bullish during the 2nd quarter worth about $59,000. Leonteq Securities AG acquired a new stake in shares of Bullish in the 4th quarter valued at about $106,000. Global Assets Advisory LLC acquired a new stake in shares of Bullish in the 1st quarter valued at about $134,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Bullish in the 2nd quarter valued at about $138,000.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Compass Point upgraded Bullish to Buy from Neutral, helping the shares gap higher at the start of trading and signaling increased confidence in the company’s outlook. Bullish Stock Rating Upgraded by Compass Point Bullish Shares Gap Up After Analyst Upgrade
• Positive Sentiment: An analyst argued that Bullish could benefit regardless of the outcome of pending cryptocurrency legislation, suggesting the company’s business model may be resilient across different regulatory scenarios. Bullish Stock Is Set to Win Whatever Happens to Crypto Law
• Neutral Sentiment: A strategist’s sharp reduction in his 2026 S&P 500 target adds to broader market-risk concerns, but the commentary is not specific to Bullish. Strategist Cuts 2026 S&P 500 Price Target
• Negative Sentiment: Washington’s deliberations over crypto regulation are weighing on BLSH. Investors may be taking profits or reducing exposure because the timing and details of potential legislation remain uncertain, even though some analysts view Bullish as positioned to benefit. Why Did Bullish Stock Fall Today?
• Negative Sentiment: Cathie Wood’s reported selling of crypto-related stocks ahead of a potential Clarity Act vote is adding caution across the digital-asset equity sector, although the transactions were not identified as sales of Bullish shares. Investor Cathie Wood Sells Crypto Stocks

Bullish Company Profile

Bullish is a digital asset exchange and financial technology company that provides infrastructure and trading services for the cryptocurrency market. Its platform is designed to serve institutional and professional investors, offering access to digital asset trading and related market services.

The company’s activities include spot cryptocurrency trading, custody and portfolio-management tools, lending services, and market data. Bullish emphasizes institutional-grade infrastructure, liquidity, security and regulatory compliance in the operation of its digital asset marketplace.

Bullish was founded in 2021 and was established with backing from Block.one and other investors.