Shares of cryptocurrency exchange and blockchain technology company Bullish (NYSE:BLSH) tanked Friday morning, after the company on Thursday reported its first-quarter results.
• Bullish stock is feeling bearish pressure. Why is BLSH stock falling?
Here are the key analyst insights:
- Cantor Fitzgerald analyst Brett Knoblauch maintained an Overweight rating, while raising the price target from $39 to $43.
- Rosenblatt Securities analyst Chris Brendler reiterated a Neutral rating, while cutting the price target from $45 to $42.50.
Check out other analyst stock ratings.
Cantor Fitzgerald: Bullish’s adjusted revenue grew 49% year-on-year to $92.8 million and its adjusted EBITDA grew 166% to $35.1 million, with an adjusted EBITDA margin of 37.9%, Knoblauch said in a note.
Management indicated that adjusted revenue …