Bullish (NYSE:BLSH) Coverage Initiated at Citigroup

Key Points

• Citigroup has initiated coverage of Bullish (NYSE:BLSH) with a "buy" rating and a price target of $66.00, indicating a potential upside of nearly 25% from its previous closing price.
• Multiple analysts have recently rated Bullish, with four giving it a "buy" rating and five assigning a "hold" rating, resulting in an average target price of $56.11.
• Shares of Bullish traded at $52.83, with a market cap of $7.72 billion and a PE ratio of -1,044.98, highlighting the volatility of the stock within the digital asset sector.

Citigroup began coverage on shares of Bullish (NYSE:BLSH - Get Free Report) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $66.00 price target on the stock. Citigroup's price objective would suggest a potential upside of 24.93% from the company's previous close.

Several other equities analysts have also recently commented on the company. Canaccord Genuity Group began coverage on Bullish in a report on Monday. They issued a "buy" rating and a $68.00 price target for the company. Compass Point assumed coverage on Bullish in a research report on Wednesday, September 3rd. They issued a "neutral" rating and a $45.00 price objective on the stock. Wall Street Zen upgraded shares of Bullish to a "hold" rating in a research report on Saturday, August 30th. Jefferies Financial Group initiated coverage on Bullish in a research note on Monday. They issued a "hold" rating and a $49.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Bullish in a research report on Monday. They set a "neutral" rating and a $50.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $56.11.

Bullish Trading Up 0.9%

Shares of BLSH stock opened at $52.83 on Monday. Bullish has a 1-year low of $47.88 and a 1-year high of $118.00. The firm has a market cap of $7.72 billion and a PE ratio of -1,044.98.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

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