Bullish stock surges 84% in first trading day
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2025
0mins
Source: SeekingAlpha
Bullish IPO Success: Bullish, a crypto exchange backed by Peter Thiel, experienced an 84% surge in its stock price on its first trading day after raising $1.1 billion in an IPO that was oversubscribed by more than 20 times.
Market Impact and Insider Wealth: The stock peaked at $117.93 shortly after debuting, coinciding with rising prices for ether and bitcoin, while significant stakes held by insiders like Brendan Blumer and Kokuei Yuan have resulted in substantial personal wealth increases.
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 58.55 USD with a low forecast of 45.00 USD and a high forecast of 77.00 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.
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 37.700
Low
45.00
Averages
58.55
High
77.00
Current: 37.700
Low
45.00
Averages
58.55
High
77.00
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.
