Wall Street analyst estimates for Bullish (BLSH): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity.
Consensus price target
$44.00 (+95 % vs price $22.54)
between $30.00 and $61.00 · 6 targets published in the last quarter
Closing price, Nov 2
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $357M | $337M – $367M | $0.45 | 6 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 6 |
| Hold | 4 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 10 |
| Avg rating (−2 sell to +2 buy) | 0.60 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-18 | $0.08 | ||
| 2026-08-13 | $0.10 | $0.09 | +14.2% |
| 2026-05-14 | $0.13 | $0.15 | -12.9% |
| 2026-02-05 | $0.20 | $0.14 | +39.6% |
| 2025-11-19 | $0.10 | $0.10 | -3.0% |
| 2025-09-17 | $-0.05 | $-0.05 | +2.4% |
| 2025-07-18 | $0.07 | $-0.03 | +361.5% |
| 2024-12-31 | $1.07 |
Valuation Ratios
| Price / Book | 1.41 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 0 | $1.32B | $72.90B | $116.51B | $250.26B | $244.97B |
| Cost of Revenue | 0 | $2.37B | $72.90B | $116.53B | $250.26B | $244.90B |
| Gross Profit | 0 | -$1.04B | -$6.6M | -$21.7M | $5.3M | $74.1M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $119.0M | $99.7M | $53.7M | $15.3M | $24.8M | $53.8M |
| Operating Expenses | $119.0M | $232.2M | -$22.2M | -$31.9M | -$26.6M | $23.4M |
| Operating Income | -$119.0M | -$1.28B | $15.7M | $10.2M | $31.9M | $50.7M |
| EBITDA | 0 | -$1.27B | -$4.12B | $1.31B | $131.6M | -$725.8M |
| Interest Expense | 0 | $126.8M | $122.7M | $3.0M | $38.5M | $52.4M |
| Pre-tax Income | -$119.0M | -$1.40B | -$4.24B | $1.30B | $84.6M | -$786.4M |
| Income Tax | 0 | $263,000 | $1.2M | $1.5M | $5.0M | -$944,000 |
| Net Income | -$119.0M | -$1.40B | -$4.25B | $1.30B | $78.5M | -$764.7M |
| EPS | -$0.74 | -$9.59 | -$29.04 | $8.89 | $0.54 | -$5.99 |
| EPS (Diluted) | -$0.74 | -$9.59 | -$29.04 | $8.89 | $0.54 | -$5.99 |
| Shares Outstanding (Diluted) | 160.8 M | 146.2 M | 146.2 M | 146.2 M | 146.2 M | 127.7 M |
Price
| Price | $22.54 (closing price, November 2, 2026) |
| Market Cap | $3.4B |
| Exchange | NYSE |
| Country | KY |
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Explore sector: Technology · Software - Application
More sections of BLSH: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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