Peter Thiel-Backed Bullish Gears Up for Q1 Earnings: Will Softer Crypto Volumes Hurt The Crypto Exchange’s Bottom Line?

Cryptocurrency exchange Bullish (NYSE:BLSH) will release earnings for the first quarter before the bell on Thursday. Here’s what’s happening with the company and its stock.

EPS, Revenue Forecast

Analysts forecast earnings per share of $0.17 for the company, down 10% quarter-over-quarter. Bullish is expected to deliver revenue of $94.87 million, marking a 2.56% increase from the previous quarter.

The BLSH stock has a consensus price target of $51.91 based on the ratings of 12 analysts, with the highest forecast of $65 issued by Citigroup in March. Based on the three most recent analyst ratings, the average price target is $48.33, implying 13.46% upside potential for the stock.

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