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Crypto

Bullish Q2 Earnings to Hit Amid Stock Price Slump

Guavy AI Editorial Team
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Cryptocurrency exchange Bullish is set to release its second-quarter numbers on Thursday. The company, backed by billionaire Peter Thiel, has seen its stock price plummet 35% year-to-date.

Analysts expect the firm to report earnings per share of $0.09 for Q2, down 90% from last year's same quarter and a 30% drop from the previous quarter. Revenue is expected to hit $87.9 million, a 50% increase from the same period in 2023.

Bullish's BLSH stock has a consensus price target of $49 based on analyst ratings. However, JPMorgan's Kenneth Worthington recently maintained a 'Neutral' rating while cutting his price target to $26 from $43.

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