Bullish (NYSE:BLSH) Sets New 12-Month Low on Analyst Downgrade

Bullish (NYSE:BLSH)’s share price hit a new 52-week low during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $45.00 to $42.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Bullish traded as low as $34.21 and last traded at $34.6050, with a volume of 821424 shares trading hands. The stock had previously closed at $35.66.

A number of other brokerages have also recently issued reports on BLSH. Canaccord Genuity Group lowered their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Rosenblatt Securities reduced their price objective on Bullish from $55.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Wall Street Zen cut Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Citigroup cut their price target on Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $52.00 to $51.00 in a research note on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.25.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Cathie Wood’s ARK Invest bought roughly $3 million of Bullish shares, a high‑profile institutional purchase that often draws momentum traders and retail follow‑on flows. Cathie Wood Bets Again On Peter Thiel-Backed Crypto Platform
• Positive Sentiment: Follow‑through in intraday/after‑hours trading showed BLSH jumping alongside other small crypto‑adjacent names, reflecting short‑term buying interest tied to the ARK trade and crypto sentiment. IPW, BLSH, FWD stocks jump after hours
• Positive Sentiment: Media coverage notes the ARK purchases could help stop the recent multi‑day slide as retail and momentum flows pick up. That narrative can create short‑term support. Bullish set to snap five-day losing streak
• Neutral Sentiment: Analysts and outlets are reassessing BLSH valuation after ARK’s purchases; these writeups provide context but don’t by themselves guarantee durable price moves — they help inform longer‑term investors. Assessing Bullish (BLSH) Valuation After Ark Invest’s Recent Share Purchases
• Neutral Sentiment: Broader crypto optimism (e.g., bullish statements from crypto leaders) is supportive of exchange/crypto‑adjacent names like Bullish, but macro moves in crypto markets remain volatile and the lift is indirect. ‘I’m Very Bullish’: Ripple CEO Predicts Crypto All‑Time High
• Negative Sentiment: JPMorgan lowered its price target on Bullish from $45 to $42 and kept a “neutral” rating — a fresh analyst re‑price that can cap upside and weigh on sentiment among institutional and quant investors. Benzinga

Hedge Funds Weigh In On Bullish

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Bullish during the third quarter worth $91,782,000. Nwam LLC purchased a new position in Bullish during the 3rd quarter worth approximately $4,540,000. Renaissance Capital LLC acquired a new stake in Bullish during the 3rd quarter valued at approximately $2,436,000. Stephens Investment Management Group LLC acquired a new position in Bullish during the third quarter valued at $27,080,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Bullish in the third quarter valued at $92,824,000.

Bullish Trading Down 1.4%

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 company has a market cap of $5.02 billion and a price-to-earnings ratio of 1,715.60. The stock has a 50-day moving average of $41.04.

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.