Jefferies analyst Daniel Fannon initiated coverage of Bullish (BLSH) with a Hold rating and $49 price target The firm says Bullish is a digital asset platform providing market infrastructure and information services. The company has an attractive growth story tied to rising institutional demand in the crypto market, with the Hold rating reflecting the stock’s valuation, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLSH:
- BMNR, BLSH: Cathie Wood Bets $23M on Crypto Stocks, Trims Stakes in Roku, DraftKings, and Teradyne
- Crypto Currents: Coincheck enters agreement to acquire Aplo
- Bullish’s German subsidiary secures license under MiCAR from BAFin
- Hold Rating on Bullish Amid Valuation Concerns and Regulatory Hurdles
- Bullish initiated with a Neutral at Compass Point