• Bullish stock is feeling bearish pressure. Why is BLSH stock falling?

Here are the key analyst insights:

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Cantor Fitzgerald: Bullish’s adjusted revenue grew 49% year-on-year to $92.8 million and its adjusted EBITDA grew 166% to $35.1 million, with an adjusted EBITDA margin of 37.9%, Knoblauch said in a note.

Management indicated that adjusted revenue grew sequentially across the board, despite Bitcoin prices declining by around 24% during the quarter, he added.

Rosenblatt Securities: Bullish reported “relatively impressive” results, despite falling cryptocurrency prices and declining activity levels that proved to be a tough quarter for most…

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