Bullish (NYSE:BLSH) shares rose about 8% in mid-day trading on Tuesday, reaching a high of $29.32 after closing at $27.42 in the previous session, though trading volume was 86% below its daily average. Citi named Bullish one of its top crypto-stock picks alongside Circle, and the article notes revenue rose 62% year over year in the latest quarter. Analyst views are mixed: Keefe, Bruyette & Woods cut its price target from $55.00 to $40.00 with a “market perform” rating, and the consensus rating is “Hold” with a $44.36 target. The company has a market cap of $4.38 billion, and its most recent quarter reported earnings of $0.09 per share on revenue of $92.62 million, with a negative net margin of 389.38%. Crypto prices dipped as investors weighed Federal Reserve policy and interest-rate risks, which could weigh on crypto-linked stocks like BLSH.
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Original headline: Bullish ( NYSE : BLSH ) Shares Up 8 % – Still a Buy ?
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