Bullish (NYSE:BLSH) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Bullish (NYSE:BLSH) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat reports. The firm currently has a $51.00 price objective on the stock, down from their prior price objective of $52.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 39.92% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on BLSH. Canaccord Genuity Group reiterated a “buy” rating and set a $68.00 price target on shares of Bullish in a research report on Thursday, September 18th. Keefe, Bruyette & Woods initiated coverage on shares of Bullish in a report on Monday, September 15th. They issued a “market perform” rating and a $55.00 target price for the company. Cantor Fitzgerald increased their target price on Bullish from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Citigroup boosted their price target on shares of Bullish from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Zacks Research raised shares of Bullish to a “hold” rating in a research note on Tuesday, September 9th. Five investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.00.

Bullish Stock Performance

Shares of NYSE BLSH traded down $1.31 during mid-day trading on Wednesday, reaching $36.45. The company’s stock had a trading volume of 4,969,321 shares, compared to its average volume of 4,333,939. The business has a 50-day simple moving average of $55.74. The company has a quick ratio of 22.75, a current ratio of 24.59 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.33 billion and a PE ratio of -734.90. Bullish has a 1-year low of $34.24 and a 1-year high of $118.00.

Bullish (NYSE:BLSH) last issued its earnings results on Wednesday, September 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $57.00 million during the quarter, compared to the consensus estimate of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Bullish

Several hedge funds have recently made changes to their positions in BLSH. ARK Investment Management LLC purchased a new position in shares of Bullish during the third quarter worth about $163,904,000. Massachusetts Financial Services Co. MA acquired a new stake in Bullish during the 3rd quarter worth approximately $92,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Bullish during the 3rd quarter worth approximately $91,782,000. Amova Asset Management Americas Inc. purchased a new position in shares of Bullish in the 3rd quarter valued at approximately $91,431,000. Finally, Invesco Ltd. acquired a new position in shares of Bullish in the third quarter valued at approximately $74,658,000.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.