Wall Street hit the refresh button
Bullish just turned in a rough first quarter: adjusted earnings came in at 13 cents a share versus the 17-cent consensus, and revenue landed at $92.8 million, just shy of the $93.558 million the Street wanted. The stock promptly did the expected thing and slid 8.6% to $36.06 on Friday.
The real headline: analysts are split
The earnings print itself wasn’t a blowout, but it did give analysts a reason to revisit their bullishness on Bullish. Rosenblatt’s Chris Brendler kept a Neutral rating and cut his price target from $45 to $42.50, while Cantor Fitzgerald’s Brett Knoblauch stuck with Overweight and actually lifted his target from $39 to $43.
Why investors should care
This is the classic post-earnings tug-of-war: one camp sees a company that missed a bit and needs more proof, while the other sees enough momentum to keep leaning in. For investors, that split matters because it can shape how fast the stock recovers after a miss — especially for a company pitching a bigger long-term story around its planned Equiniti acquisition and blockchain ambitions.
Big picture: Bullish didn’t exactly wow the market, but the Street is still arguing over whether this is a hiccup or a setup.