$BLSH

Bullish (BLSH) and Equiniti announced that Qube Research & Technologies, Vertalo, and zerohash joined the Issuer Sponsored Token Coalition. The group aims to establish standards for tokenized securities while maintaining issuer-shareholder relationships. The Coalition was formed to advance an issuer-token model following the SEC's Innovation Exemption. Members will meet at the NYSE to discuss tokenization and infrastructure.

Compass Point maintained a Buy rating and $51 price target for Bullish (BLSH), citing its Bitcoin holdings and potential tokenization deals. BLSH shares are down 14% this week and 53% over the past year. The company reported Q2 adjusted revenue of $92.6M, up 62% YoY, and adjusted EBITDA of $29.5M, up 264% YoY. Analysts have mixed views on BLSH's price targets.

Disc Medicine (IRON) surged 38.86% to $78.93, leading healthcare gains. Cleveland-Cliffs (CLF) rose 16.34% to $14.10 in materials. Almonty Industries (ALM) fell 10.17% to $8.83, among notable decliners.

Bullish (BLSH) reported a 62% revenue increase to $92.6M in Q2, driven by subscription and services. Adjusted EBITDA rose to $29.5M. Trading volume increased to $48.6B in September. The company plans to acquire Equiniti by 2027 for tokenized equities, but tokenization revenue is not expected until then. Net loss was $280M due to crypto markdowns.

Citi analyst Peter Christiansen identifies Circle Internet Group (CRCL) and Bullish (BLSH) as top crypto stock picks for the rest of 2026. Circle, a leader in stablecoins, saw Q2 revenue of $701M, up 7% YoY, and has a $243 price target. Bullish, a global digital asset trading platform, reported Q2 revenue of $92.6M, up 62% YoY, with a focus on institutional investors.

Wells Fargo maintained an Equal-Weight rating on BLSH but lowered its price target to $35.00 from $38.00. The company's stock is trading at $31.205 with a market cap of $4.69 billion. BLSH has a GF Score™ of 17/100, indicating weak profitability and growth. Insider sales totaled $9.9 million over the past three months.

Bullish (BLSH) reported a 14.3% increase in total trading volume to $48.6B in September, up from $42.5B in August. The company noted that Ethereum's (ETH) average volatility rose to 42% from 39%, and Bitcoin's (BTC) increased to 32% from 30%. BLSH shares were up 0.44% in premarket trading.

Bullish (NYSE: BLSH) released its September 2026 monthly metrics, including trading volume, average spread, and volatility for Bitcoin and Ethereum. The report shows total trading volume of $39.6B, with spot trading volume at $37.3B. Average trading spread was 1.86 bps, and volatility for BTC and ETH was 23% and 42%, respectively. The data is unaudited and preliminary, with final results to be reported in SEC filings.

Bitcoin (BTC) rose to $86,679, driving gains in US-listed crypto-related stocks. Coinbase (COIN) gained 3.99%, Circle (CRCL) 3.75%, and MicroStrategy (MSTR) 3.13%. Other gainers included Gemini (GEMI), SharpLink Gaming (SBET), BitMine (BMNR), and Bullish (BLSH).

Crypto-linked stocks rose as Bitcoin (BTC) surpassed $84,000. B. Riley raised Riot Platform's (RIOT) target to $33, citing sector underperformance, while cutting IREN's (IREN) target to $91. Keefe Bruyette reduced targets for Bullish (BLSH) and Gemini (GEMI) but raised Robinhood's (HOOD) to $115, citing strong volumes.