Bullish's stock price fell by 6.41% during regular trading, crossing below its 5-day SMA. This decline comes amid broader market strength, with the Nasdaq-100 up 0.42% and the S&P 500 up 0.44%.
The drop in Bullish's stock price is attributed to sector rotation, as Ark Invest increased its stake in Bullish by purchasing 209,886 shares valued at approximately $8.8 million, following positive earnings reports from the company. This suggests that while the stock is experiencing a decline, there is still significant interest from institutional investors.
The implications of this movement indicate a potential short-term volatility for Bullish, as investor sentiment may fluctuate based on broader market trends and the company's performance in upcoming quarters.
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
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.
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
JPMorgan
Kenneth Worthington
Neutral
downgrade
$45 -> $42
2026-01-27
New
Reason
JPMorgan
Kenneth Worthington
Price Target
$45 -> $42
AI Analysis
2026-01-27
New
downgrade
Neutral
Reason
JPMorgan analyst Kenneth Worthington lowered the firm's price target on Bullish to $42 from $45 and keeps a Neutral rating on the shares. The firm updated the company's model ahead of earnings to reflect its December monthly metrics report.
Citi
Buy
downgrade
$77 -> $67
2025-12-21
Reason
Citi
Price Target
$77 -> $67
2025-12-21
downgrade
Buy
Reason
Citi lowered the firm's price target on Bullish (BLSH) to $67 from $77 and keeps a Buy rating on the shares. The firm updated valuation multiples in the digital assets group but remains positive on the sector into 2026. Citi still believes legislative reform will serve as a catalyst for the stocks. Circle Internet (CRCL) remains its top pick.
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Canaccord
Buy
downgrade
$68 -> $50
2025-11-24
Reason
Canaccord
Price Target
$68 -> $50
2025-11-24
downgrade
Buy
Reason
Canaccord lowered the firm's price target on Bullish to $50 from $68 and keeps a Buy rating on the shares. The firm said they remain quite buullish on Bullish as they made stellar progress again in Q3 in terms of business model expansion and innovative strategies around TAM expansion, all while delivering stellar margins. Canaccord continues to believe its forward estimates are conservative, as they have built in very little to transaction volumes coming from the launch of the US business and options trading.
Clear Street
Buy
maintain
$57
2025-11-20
Reason
Clear Street
Price Target
$57
2025-11-20
maintain
Buy
Reason
Clear Street recommends buying the post-earnings selloff in shares of Bullish. The shares sold off on weaker crypto prices and the Q4 revenue guidance, the analyst tells investors in a research note. However, Clear views the results as "mis-characterized," saying Bullish's fundamentals have improved on market share gains in spot trading and continued blockchain adoption. It keeps a Buy rating on the shares with a $57 price target.
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.
