Citigroup Issues Pessimistic Forecast for Bullish (NYSE:BLSH) Stock Price

Bullish (NYSE:BLSH) had its price target decreased by stock analysts at Citigroup from $77.00 to $67.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 57.27% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Compass Point reaffirmed a “neutral” rating on shares of Bullish in a research report on Thursday, September 18th. Jefferies Financial Group began coverage on Bullish in a research note on Monday, September 8th. They set a “hold” rating and a $49.00 price objective on the stock. Rosenblatt Securities decreased their target price on Bullish from $62.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Cantor Fitzgerald upped their price target on Bullish from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Finally, Zacks Research raised shares of Bullish to a “hold” rating in a report on Tuesday, September 9th. Five 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, the company presently has a consensus rating of “Hold” and an average price target of $54.67.

Bullish Trading Down 6.4%

BLSH stock opened at $42.60 on Monday. The firm has a market capitalization of $6.23 billion and a P/E ratio of 2,130.05. The stock’s 50 day moving average is $46.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58. Bullish has a twelve month low of $34.24 and a twelve month high of $118.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BLSH. Tradewinds Capital Management LLC acquired a new position in shares of Bullish during the third quarter valued at $25,000. Ameritas Advisory Services LLC bought a new stake in Bullish in the 3rd quarter valued at about $29,000. CWM LLC bought a new position in Bullish in the 3rd quarter worth about $31,000. 10Elms LLP acquired a new stake in shares of Bullish in the third quarter valued at approximately $32,000. Finally, Tsfg LLC acquired a new stake in shares of Bullish in the third quarter valued at approximately $45,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bitwise says shifting demand and ETF accumulation are “really bullish” for Ethereum and Solana, a narrative that could lift volume and trading activity across crypto platforms including Bullish. Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift
• Positive Sentiment: Real Vision CEO Raoul Pal says Bitcoin, Ethereum and XRP have likely hit a “final low” and urges long-term holding — a bullish macro signal that can increase investor confidence in crypto equities like Bullish. Bitcoin, Ethereum, XRP Have Hit ‘Final Low’, Raoul Pal Says
• Positive Sentiment: Citigroup is still maintaining a buy recommendation on BLSH, which supports analyst-level demand despite valuation debates. Citigroup maintains bullish (BLSH) buy recommendation
• Neutral Sentiment: Yahoo Finance flags that Bullish is trading at a premium after a recent one-month rebound, a reminder that momentum has pushed valuation metrics higher and may temper near-term upside. Bullish (NYSE:BLSH): Assessing a Premium Valuation After a 16% One-Month Rebound
• Neutral Sentiment: Macro/market items (e.g., Hungary’s current account update) are generally peripheral to Bullish’s outlook but reflect the broader liquidity and FX environment investors watch for risk appetite. Hungary’s Current Account Stalls, Undershoots Bullish Forecasts
• Negative Sentiment: Citigroup lowered its price target on Bullish from $77 to $67 (while keeping a buy rating) — a direct negative on upside expectations and a likely contributor to today’s downside pressure. Benzinga article on Citi price target cut

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.