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Canaccord Cuts Bullish (BLSH) PT, Keeps Buy Rating

Bullish (NYSE:BLSH) is one of the best new tech stocks to buy right now. On November 24, Canaccord lowered the firm’s price target on Bullish to $50 from $68 with a Buy rating on the shares. Canaccord noted the company’s Q3 2025 achievements in business model and TAM expansion, alongside stellar margins.

In its Q3 2025 earnings report, the company achieved record performance with total adjusted revenue surging by 71.5% year-over-year to reach $76.5 million, surpassing expectations by $5.36 million. Adjusted EBITDA also showed significant improvement, rising to $28.6 million from $7.7 million in the prior-year quarter. This adjusted performance translated into an adjusted net income of $13.8 million, a turnaround from an adjusted net loss of $3.1 million in Q3 2024.

Despite the record adjusted metrics, GAAP EPS was $0.10 per diluted share, a substantial improvement from a loss of $0.59 per diluted share in Q3 2024, but reportedly fell short of analyst estimates by $1.49. The company’s overall digital asset sales for the quarter totaled $41.6 billion, down from $54.2 billion in the previous year’s quarter. Looking ahead, Bullish anticipates subscription and services revenue to range between $47.0 and $53.0 million for Q4.

Bullish (NYSE:BLSH) provides market infrastructure and information services in the US. It operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity.

While we acknowledge the potential of BLSH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BLSH and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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