Bullish price target ( BLSH ) is cut to $42 at JPMorgan after model updates


We recently published an article titled 13 High-Growth Cloud Stocks to Buy.

On January 27, JPMorgan analyst Kenneth Worthington cut the company’s price objective to Bullish (NYSE:BLSH) to $42 from $45 while maintaining a neutral rating on the stock. The adjustment followed JPMorgan’s pre-earnings model updates, incorporating the firm’s December monthly metrics. While the lower target reflects subdued near-term expectations, the hold rating suggests the company believes the current bullish valuation is more balanced relative to its operating trends.

Bullish institutional interest remains notable. Cathie Wood’s Ark Invest added roughly $6.0 million in bullish shares of (NYSE:BLSH), indicating confidence in the company’s long-term positioning within the digital asset ecosystem. Rather than making a directional bet on cryptocurrency prices alone, Ark’s investment highlights Bullish’s role as a core infrastructure supporting digital asset trading, which could benefit as market activity stabilizes and participation picks up.

Founded in 2020 and headquartered in George Town, Cayman Islands, Bullish (NYSE:BLSH) operates a regulated cryptocurrency exchange with licenses in major global jurisdictions including Germany, Hong Kong, Gibraltar and New York State. As regulatory clarity and institutional participation continue to shape the crypto landscape, Bullish’s compliance-focused exchange model and global footprint position it as a distinct player in the evolving digital asset market.

While we recognize BLSH’s potential as an investment, we believe some AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

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