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Highlights

  • Wall Street Zen revises BLSH to “hold,” reflecting evolving analyst sentiment.
  • Quarterly loss contrasts with revenue growth of 67.6% year over year.
  • Consensus rating stands at “Hold” with varied brokerage price targets.

Bullish (NYSE:BLSH) has moved from a “sell” to a “hold” rating at Wall Street Zen, marking a notable adjustment in coverage. Across the broader analyst landscape, sentiment remains distributed, with five “buy,” seven “hold,” and one “sell” rating recorded, resulting in a consensus “Hold,” according to MarketBeat data.

Brokerage revisions have accompanied this shift. Citigroup lowered its target price to $67.00, while Deutsche Bank adjusted its objective to $51.00 during an upgrade in rating. JPMorgan reduced its target to $41.00 and assigned a “neutral” stance, and Sanford C. Bernstein reiterated a “market perform” view with a $50.00 target.

Price Target and Market Data

The EODHD/Others estimates panel (as of February 20, 2026) shows a current target price of $45.30 and a recommendation score of 2.42.

Quarterly Earnings Miss

Bullish reported a quarterly loss per share of $3.73, missing the consensus estimate of $0.16 by a wide margin. Profitability indicators remained negative, with a net margin of -0.95% and return on equity of -10.58%.

Revenue reached $92.50 million, representing a 67.6% increase year on year, compared with the prior period when the company posted earnings per share of $1.37. The divergence between revenue expansion and bottom-line performance has remained a central feature of the latest update.

Business Model and Market Positioning

The company develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. Its activities span exchange operations, market structure, and execution and clearing systems for digital assets.

Bullish was launched in connection with Block.one, the software group associated with the EOS blockchain, with the stated objective of creating a regulated marketplace aimed at institutional participants. The model reflects an attempt to align traditional capital markets frameworks with the digital asset trading environment.

FAQs

  1. What rating change did Bullish recently receive?
    Wall Street Zen upgraded Bullish from a “sell” rating to a “hold,” reflecting a shift in its assessment of the stock.
  2. What is the current consensus analyst rating for Bullish?
    The stock carries a consensus “Hold” rating based on a mix of buy, hold, and sell recommendations from multiple brokerages.
  3. What is the average price target for Bullish?
    According to EODHD/Others data as of February 20, 2026, the average target price stands at $45.30.