Bullish (BLSH) stock fell Friday as analysts cut price targets following mixed Q2 results and a weak Q3 start. Here's what to know.

Digital asset sales slumped to $32.6 billion from $58.6 billiion a year earlier, but other revenues roughly doubled year-over-year to just shy of $65 billion.

Peter Thiel-backed crypto exchange Bullish reported a $280 million Q2 net loss as digital asset sales fell 44% and adjusted revenue rose 62%.