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BLSH

BullishB
NYSE / Financial Services
Last Price
Quote time unavailable
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Current thesis
Primary-source evidence supports a cautious positive setup: Q4 2025 adjusted revenue and EBITDA were records, March 2026 trading activity improved materially, and the next earnings print on May 14, 2026 could validate better quarter-on-quarter operating momentum.
Posture
Constructive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta 0.0.
What can break
Bullish remains exposed to digital-asset price volatility, trading volumes, spreads, and broader crypto market structure conditions.
Momentum
26
Value
40
Sentiment
81
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $42.00 · Bull $48.00 · Bear $30.00Analysis 2026-04-28; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-27 • Vendor: Data Vendor v1
Scores
As of 2026-10-28 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-28

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-28. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $41.00
Why
Momentum26 · Δ7d -34.5
Value40 · Δ7d -0.0
Sentiment81 · Δ7d 0.0
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Sentiment remains the lead driver in the composite, 7D delta 0.0.

Contradictions & invalidation

  • • Bullish remains exposed to digital-asset price volatility, trading volumes, spreads, and broader crypto market structure conditions.
  • • Coverage is thin and the available packet peers are not close operating comparables, limiting confidence in cross-checking valuation and thesis durability.
  • • Confidence stays low because Bullish still showed large GAAP net losses in Q4 2025, monthly metrics are preliminary, and near-term results remain heavily tied to crypto volumes, spreads, and sentiment rather than a fully proven recurring-revenue model.

Catalyst clock

2026-05-14

First-quarter 2026 results are scheduled for May 14, 2026

Lead driver: Sentiment · See AI snapshot
Momentum
26
8% active weight
Current posture
7d trendSoftening
Δ7d
-34.5
Δ21d
-70.7
Value
40
47% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
+0.1
Sentiment
81
45% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
+9.4
Why this grade

Composite grade B. Momentum 25.9 / Value 39.9 / Sentiment 80.6

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-04-28. Scenario method

B+
Bull case
25%
Probability
Target price
$48.00
Analysis reference price unavailable
Analysis 2026-04-28 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$42.00
Analysis reference price unavailable
Analysis 2026-04-28 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$30.00
Analysis reference price unavailable
Analysis 2026-04-28 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-27
Market Cap
$4.35B
Beta
-
Shares Out
150.3M
P/E (TTM) · Derived
-5.7
P/S (TTM)
-
P/FCF (TTM) · Derived
73.25
Rev YoY
+65.8%
EPS YoY
-287.9%
Gross Margin
+79.6%
Op Margin
+18.1%
Net Debt
$72.21M
Current Ratio
23.52
As of 2026-10-28 • Updated nightlySource: Internal modelMethods & Data