
Bullish (BLSH) Stock Forecast & Price Target
Bullish (BLSH) Analyst Ratings
Bulls say
Bullish has demonstrated strong financial performance with total adjusted revenues increasing by 72% year-over-year to $76.5 million, highlighting robust market demand for its offerings. The company's adjusted EBITDA projections have been revised upward for 2026 and 2027, indicating a positive outlook despite conservatism regarding trading volumes, with estimates now at $386 million and $467 million, respectively. Additionally, the significant increase in trading volumes and the growth in assets under management for CoinDesk Indices, which rose to $41 billion, showcase Bullish's expanding footprint in the digital asset sector.
Bears say
The negative outlook on Bullish's stock is primarily attributed to transaction revenue of $26.7 million, which fell short of the expected $27.7 million due to higher spot spreads and weakened perpetual futures pricing. As competition increases from various fintech platforms that offer zero trading commissions, there are increasing concerns about the sustainability of transaction revenue, particularly in a market where institutional adoption of digital assets may decline due to macroeconomic factors or reputational issues. Additionally, the potential for revenue to drop is exacerbated by the volatility of Bitcoin prices; if prices continue to fall and market volatility remains low, it may lead to disappointing revenue outcomes that do not align with investor expectations.
This aggregate rating is based on analysts' research of Bullish and is not a guaranteed prediction by Public.com or investment advice.
Bullish (BLSH) Analyst Forecast & Price Prediction
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