Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - Keefe, Bruyette & Woods maintained its Market Perform rating and $55.00 price target on Bullish (NYSE:BLSH) following the company’s second-quarter 2025 results.
The cryptocurrency exchange’s Q2/25 performance aligned with the guidance range disclosed in its initial public offering prospectus and slightly exceeded KBW’s estimates.
KBW highlighted that investors should focus on Bullish’s third-quarter guidance, which projects midpoint total adjusted revenues of $72.5 million and adjusted EBITDA of $26.5 million.
These guidance figures represent strong sequential growth of 27.2% for revenue and 227.2% for adjusted EBITDA compared to the second quarter.
Prior consensus estimates for Bullish’s Q3/25 were significantly lower, with analysts expecting total adjusted revenue of $60.7 million and adjusted EBITDA of $12.9 million.
In other recent news, Bullish Inc reported its financial results for the second quarter of 2025, revealing a mixed performance. The company announced an earnings per share (EPS) of -$0.0273, alongside revenue of $55.8 million, both of which fell short of analysts’ expectations. This financial disclosure has drawn significant attention from investors, reflecting on the company’s current market position. Following the earnings announcement, the stock experienced a notable decline. The earnings miss has prompted further scrutiny from financial analysts and investors alike. These developments highlight the challenges Bullish Inc is currently facing in meeting market expectations. Investors are closely monitoring the situation for any further updates or strategic changes from the company.
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