BLSH · Bullish
AI read · Good for BLSH
The AI's read
Bullish reported Q2 adjusted revenue of $92.6M, beating estimates, and adjusted EBITDA jumped to $29.5M. The company reiterated tokenization focus and the Equiniti deal, giving the beat strategic legs. The market reacted quickly, sending shares up about 11.8% intraday, so some upside is already priced. Technicals look neutral with RSI ~49 and price well below the 52-week high. We lean bullish because the beat, subscription growth, and clear tokenization roadmap create a credible growth path. Confidence 84%: fresh, material results and immediate repricing, but watch execution on Equiniti and secondary liquidity metrics.