Jefferies has initiated coverage on Bullish (BLSH), assigning the company a Hold rating. This marks the firm's first evaluation of Bullish, a financial services company headquartered in George Town, Grand Cayman, which specializes in managing a digital asset platform.
Bullish went public on August 13, 2025, and currently boasts a market capitalization of $5.5 billion. The company employs 388 full-time staff and operates two primary business lines: media and events. Its media division, which includes CoinDesk.com, delivers news and insights on the digital assets industry, while its events segment hosts the flagship Consensus conference, gathering global participants from the blockchain and Web3 communities.
The Hold rating reflects Jefferies' initial assessment of Bullish's investment potential, considering industry dynamics and growth prospects. The current stock price stands at $37.02.
Analyst ratings provide a professional perspective based on financial modeling and research. While such evaluations can be informative, they are based on assumptions that may not come to fruition. Investors are encouraged to consider various factors, such as company fundamentals and competitive positioning, along with analyst views when making decisions.
As of November 1, 2025, the analyst consensus for Bullish includes 3 Strong Buy, 6 Buy, 9 Hold, and no Sell or Strong Sell ratings among 18 total analysts. The upcoming earnings report is scheduled for November 19, 2025, with an estimated EPS of $0.10 on projected revenues of $72.6 million. In its most recent earnings performance for Q3 2025, Bullish reported an EPS of $0.07, falling short of expectations by 30.2%.