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BLSHTechnology · Software - Infrastructure

BLSH Stock Forecast: Bullish Price Predictions for 2026-2027

Last close, 18 Sept 2026
$38
+9.83% on the day

The 10 Wall Street analysts covering Bullish hold a median 12-month price target of $45 — +17.4% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 10 of 100 as at 19 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$5.8B
Ticker Nerd rank
10 / 100
Median analyst target
$45
Analysts covering
10
Revenue$32.7B−44.3% y/y
Operating income−$8.3M
Net income−$280.0M
Free cash flow$16.3M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+9.2%
1M
+55.7%
YTD
+1.2%
1Y
−41.6%
From 52W high
−44.8%
From 52W low
+76.0%
$22
$69
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

BLSH stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Bullish on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 19 Sept 2026
10 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals
71
Issuance
49
Revisions
47
Value
28
Size
21
Growth
17
Volatility
16
Momentum
10
Quality
10

Accruals (71): Reported profit is backed by cash, and the company is not expanding recklessly.

Quality (10): Profits are thin or unreliable for the size of the business, or they are not turning into cash.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

BLSH stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on BLSH, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$20$30$40$50$60$70Oct 25Jan 26Apr 26Jul 26BLSHHigh $53Median $45Low $25

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says10 analysts
5 Buy5 Hold0 Sell
Low $25Median $45High $53

The green dot is the last close — the median target sits +17.4% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 4 moved it down.

DateFirmActionRatingTarget
14 Sept 2026Compass PointUpgradeBuy$30 → $51
17 Aug 2026Canaccord GenuityMaintainsBuy$50 → $45
17 Aug 2026Canaccord GenuityMaintainsBuy—
14 Aug 2026JP MorganMaintainsNeutral$26 → $25
14 Aug 2026JP MorganMaintainsNeutral—
14 Aug 2026RosenblattMaintainsNeutral—
14 Aug 2026RosenblattMaintainsNeutral$43 → $30
16 June 2026JP MorganMaintainsNeutral$43 → $26
16 June 2026JP MorganMaintainsNeutral—
15 May 2026Cantor FitzgeraldMaintainsOverweight—
15 May 2026RosenblattMaintainsNeutral—
13 May 2026RosenblattMaintainsNeutral—
9 Apr 2026RosenblattDowngradeNeutral—
18 Mar 2026CitigroupMaintainsBuy—
6 Feb 2026JP MorganMaintainsNeutral—
6 Feb 2026RosenblattMaintainsBuy—
27 Jan 2026JP MorganMaintainsNeutral—
15 Jan 2026RosenblattMaintainsBuy—
22 Dec 2025CitigroupMaintainsBuy—
24 Nov 2025Canaccord GenuityMaintainsBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. BLSH appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

BLSH vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 18 Sept 2026, Bullish returned −41.6% against +16.3% for the S&P 500, dividends included.

BLSH vs S&P 500, last 12 monthsTotal return, rebased to 100
20406080100120Oct 25Jan 26Apr 26Jul 26BLSHS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

BLSH analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−27.5%
Analysts raising
1
Analysts cutting
5
Fundamentals

Bullish (BLSH) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−6.2×

Cheaper than 91% of US stocks

Price / sales
19.3×

Cheaper than 9% of US stocks

Price / book
2.4×

Cheaper than 39% of US stocks

EV / EBITDA
−7.6×

Cheaper than 82% of US stocks

Growth & margins
Revenue growth (YoY)
68.8%

Higher than 90% of US stocks

Earnings growth (YoY)
−44.3%

Higher than 12% of US stocks

Gross margin
0.1%

Higher than 4% of US stocks

Operating margin
−314.3%

Higher than 9% of US stocks

Net margin
0.0%

Higher than 47% of US stocks

Returns & dividend
Return on equity
−57.1%

Higher than 20% of US stocks

Return on assets
−15.7%

Higher than 22% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Bullish (BLSH) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Bullish has a market value of $5.8B and an enterprise value of $6.1B.

  • Revenue in the twelve months to 30 June 2026: $190.6B. The latest quarter grew 68.8% year on year.

  • Net income over the same four quarters: −$1.4B, a −0.8% net margin.

  • Diluted earnings per share, trailing twelve months: $−9.26.

  • Free cash flow in the twelve months to 30 June 2026: $111.2M.

  • Bullish spent $0.0 on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 151.6M.

  • Trailing P/E: −6.2×; forward P/E: 54.0× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Bullish employs 394 people — $483.7M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 21 Sept 2026

Data provided by Twelve Data

Peers

BLSH vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSoftware - Infrastructure
CompanyMarket capTKN rank
BLSHBullish$5.8B
10
MBGLMobility Global, Inc.$5.7B
0
VRNSVaronis Systems, Inc.$5.6B
68
CORZCore Scientific, Inc.$5.6B
16
QLYSQualys, Inc.$6.1B
92
DOXAmdocs Ltd.$6.4B
61
ACIWACI Worldwide, Inc.$5.2B
76

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Bullish — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest BLSH news & analysis

Elemental Royalty Declares Quarterly Dividend and XAUT Token Payment Alternative for Shareholders

Newsfile Corp · 17 Sept 2026positive

Elemental Royalty Corporation's Board of Directors declared a quarterly dividend of US$0.03 per common share, totaling US$0.12 per share for the 2026 fiscal year. The dividend will be paid to holders of record as of the close of business on September 30, 2026, with distribution on or about October 15, 2026.

Why it matters — A declared quarterly dividend provides income to Bullish (BLSH) watchers tracking Elemental Royalty's shareholder return policy.

Bullish releases August 2026 monthly metrics

GlobeNewsWire · 8 Sept 2026neutral

Bullish (NYSE: BLSH), an institutionally focused global digital asset platform, released its monthly metrics for August 2026 on Tuesday, September 8, 2026, via a press release from George Town, Cayman Islands.

Why it matters — A BLSH watcher would want to review the platform's monthly operational metrics for August 2026 as a regular transparency update on its digital asset market infrastructure and information services.

USD.AI Secures $100M Stablecoin Debt Facility From Bullish for GPU Financing

PRNewsWire · 28 Aug 2026positive

Bullish announced a $100 million stablecoin-based liquidity facility provided to USD.AI, marking its entry into middle-market AI infrastructure financing. The funds will support USD.AI's GPU financing ecosystem, with capital lent directly against high-performance computing assets.

Why it matters — The deal expands Bullish's lending business into AI infrastructure financing, a new growth area for the platform.

Do Options Traders Know Something About Bullish Stock We Don't?

Zacks Investment Research · 18 Aug 2026neutral

Zacks Investment Research reports that unusual activity in the options market for Bullish (BLSH) stock has drawn attention, suggesting investors should closely monitor the stock based on recent options movements.

Why it matters — A BLSH watcher would care because unusual options-market activity can signal that traders are positioning around the stock in ways that may reflect expectations not yet visible in the broader market.

Bullish Is Pulling Away From Crypto Peers, Analyst Says — but a Brutal July Spoils the Party

Benzinga · 14 Aug 2026negative

Bullish (NYSE:BLSH) shares traded lower Friday after several analysts reduced their price forecasts, following mixed second-quarter results. The decline came despite an analyst comment that the company is pulling away from crypto peers, with a brutal July spoiling the period.

Why it matters — A BLSH watcher would care because analyst price-target cuts and mixed quarterly results could weigh on the stock's near-term performance.

FAQ

Frequently asked questions about BLSH stock

What is the BLSH stock price forecast for 2026-2027?

The 10 Wall Street analysts covering Bullish have a median 12-month price target of $45, with estimates ranging from $25 to $53. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is BLSH stock a buy right now?

Of the 10 analysts covering Bullish, 5 rate it a Buy, 5 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Bullish 10 out of 100 across roughly 4,600 US stocks as at 19 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank BLSH?

As at 19 Sept 2026, Bullish ranks 10 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (71 of 100).

Will BLSH stock go up?

No one can know that. What the data says: the median 12-month target from 10 analysts implies +17.4% from the last close, and Ticker Nerd's factor model ranks Bullish 10 out of 100 as at 19 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the BLSH stock forecast for 2030?

No analyst covering Bullish publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for BLSH are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $25 to $53 over the next 12 months.

How has BLSH stock performed over the past year?

Bullish returned -41.6% over the 12 months to 18 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Bullish do?

Bullish Inc. is a digital asset platform that provides market infrastructure and information services for the cryptocurrency industry.

What is the latest news on BLSH?

The most recent item we track (Newsfile Corp, 17 Sept 2026): "Elemental Royalty Declares Quarterly Dividend and XAUT Token Payment Alternative for Shareholders". Elemental Royalty Corporation's Board of Directors declared a quarterly dividend of US$0.03 per common share, totaling US$0.12 per share for the 2026 fiscal year. The dividend will be paid to holders of record as of the close of business on September 30, 2026, with distribution on or about October 15, 2026.

Company

About Bullish.

Bullish Inc. is a digital asset platform that provides market infrastructure and information services for the cryptocurrency industry. The company operates Bullish Exchange, which supports spot and derivatives trading with tools designed for professional and institutional participants. It also offers CoinDesk services, including market data, indices, news, analysis, conferences, and networking products focused on digital assets and blockchain technology. Bullish serves users across global markets through regulated, institutional-oriented offerings that combine trading functionality with research and information services. Its business model centers on helping market participants access liquidity, pricing intelligence, and digital asset infrastructure within the broader crypto ecosystem.

CEO Mr. Thomas W. Farley · 394 employees · Cayman Islands · https://www.bullish.com