Highlights

  • Wall Street Zen cuts Bullish (NYSE: BLSH) to sell amid divided analyst landscape.
  • EODHD/Others data shows $45.30 target versus $31.73 latest closing price.
  • Quarterly revenue jumps 67.6% year over year while earnings miss forecasts.

Wall Street Zen shifted its rating on Bullish (NYSE: BLSH) from hold to sell, adding a more cautious note to a coverage universe that still includes buy and neutral recommendations. Several firms have revised price targets in recent months, often lowering valuation levels while maintaining their existing rating stance.

Additional brokerages have also updated their views on Bullish. Sanford C. Bernstein maintained a market perform stance and set a $50.00 price target. Weiss Ratings repeated its sell (d) assessment. Canaccord Genuity Group reduced its target from $68.00 to $50.00 while keeping a buy rating. Deutsche Bank Aktiengesellschaft upgraded the shares from hold to buy and trimmed its price objective from $52.00 to $51.00. Meanwhile, JPMorgan Chase & Co. lowered its target price slightly to $41.00 and assigned a neutral rating.

Bullish operates in the digital-asset infrastructure segment, running a cryptocurrency trading platform alongside related technology offerings. Its activities center on exchange services, market-structure solutions, and systems that facilitate the listing, execution, and clearing of digital assets. The company’s model is structured to connect established capital-markets frameworks with the developing crypto trading environment.

Estimates Snapshot Signals a Wide Price Gap

The estimate shows a current target price of $45.30 and a ‘BUY’ recommendation score of 2.42. Against the last closing price of $31.73, this represents a 42.77% difference, according to EODHD/Others (data source: EODHD/Others, February 16, 2026).

Earnings: Growth in Activity, Pressure on Profitability

Bullish (NYSE: BLSH) reported quarterly revenue of $92.50 million, up 67.6% from the prior-year period. The company posted a loss of $3.73 per share, missing consensus estimates by a wide margin. Net margin and return on equity remained negative, contrasting with the positive earnings recorded in the comparable quarter a year earlier.

Bullish (NYSE: BLSH) last closed at $31.73 on February 13, 2026.