Ark Invest Increases Stake in Bullish Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Source: Benzinga
Bullish's stock fell 5.07% and hit a 52-week low amid broader market weakness, with the Nasdaq-100 down 1.17% and the S&P 500 down 0.57%.
Ark Invest recently increased its stake in Bullish, acquiring approximately $2.98 million worth of shares through its ETFs, reflecting confidence in the digital asset platform. Despite a decline in digital asset sales, Bullish reported impressive third-quarter earnings of $76.5 million, surpassing analyst expectations, indicating strong operational momentum.
The increase in Ark's holdings may signal a potential turnaround for Bullish, as retail sentiment shifts from neutral to bullish, suggesting growing investor interest and optimism about the company's future performance.
Analyst Views on BLSH
Wall Street analysts forecast BLSH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLSH is 54.00 USD with a low forecast of 45.00 USD and a high forecast of 67.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 34.330
Low
45.00
Averages
54.00
High
67.00
Current: 34.330
Low
45.00
Averages
54.00
High
67.00
About BLSH
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. The Company is focused on providing products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It operates two primary business lines: media and events. Its media business delivers news and information on the digital assets industry. Its media business operates through CoinDesk.com. Its events business gathers the global digital asset, blockchain, and Web3 communities at annual events, such as Consensus. It provides trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference. The Company offers its services under the Bullish and CoinDesk brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
