Wall Street Has a Positive Outlook on ​Bullish (BLSH), Here's Why

​Bullish (NYSE:BLSH) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street has a positive outlook on the stock since its fiscal Q3 2025 earnings beat on November 19. On November 23, Joseph Vafi from Canaccord Genuity reiterated a Buy rating on Bullish (NYSE:BLSH) but lowered the price target from $68 to $50. Earlier on November 20, Owen Lau from Clear Street had reiterated a Buy rating on the stock with a $57 price target.

​During the fiscal Q3 2025, the company grew its revenue by 71.52% year-over-year to $76.5 million, surpassing estimates by $5.36 million. Moreover, the EPS of $0.10 also stayed in line with the consensus. Management attributed the robust performance to growth in its subscription, services, and other revenue categories. Notably, Bullish (NYSE:BLSH) turned its $67.3 million net loss last year into $18.5 million net income during the quarter.

Looking ahead, management expects fiscal Q4 2025 Subscription, Services & Other Revenue (non-IFRS) of $47.0 million to $53.0 million, along with adjusted Operating Expenses of $48.0 million to $50.0 million.

​Analyst Joseph Vafi from Canaccord Genuity noted that they remain bullish on the stock due to the stellar performance in Q3. However, the firm views its forward estimates as conservative, due to minimal contributions from US business and options trading launches amid crypto volatility.

​Bullish (NYSE:BLSH) operates an institutionally focused global digital asset platform, offering regulated market infrastructure like its Bullish Exchange for spot and derivatives trading with deep liquidity via a central limit order book and automated market making.

While we acknowledge the potential of BLSH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.