Aug. 14 at 8:14 PM
Bullish Inc. shares fell at midday, reversing most of the sharp post-earnings rally from the previous session as profit-taking and cautious analyst actions weighed on the stock. The decline came a day after shares surged following Q2 2026 results that beat already-lowered expectations, but enthusiasm faded after the company reported a
$280 million net loss, compared with a
$108.3 million profit a year earlier.
Analyst caution has added pressure. Rosenblatt cut its price target to
$30 from
$35 while maintaining a Neutral rating, warning that Q3 trading has started poorly and consensus revenue estimates may need to be reduced. JPMorgan also maintained a Neutral rating with a
$25 target, below the prior close of
$27.48. Compass Point raised its target to
$30 from
$27 but also kept a Neutral rating. CEO Thomas Farley’s roughly
$3 million stock sale earlier this year has provided another cautious signal.
$BLSH