Bullish (NYSE:BLSH) Coverage Initiated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. initiated coverage of Bullish (NYSE:BLSH) with a "neutral" rating and a target price of $50.00, indicating a potential downside of 4.58% from its last closing price.
• Other analysts have mixed views; Canaccord Genuity set a "buy" rating with a $68.00 target, while Compass Point and Rosenblatt Securities both issued "neutral" and "buy" ratings respectively, reflecting varying confidence in Bullish's prospects.
• Bullish's shares opened at $52.40, with a twelve-month range between $47.88 and $118.00, and a current market capitalization of $7.66 billion.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Bullish (NYSE:BLSH - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The firm set a "neutral" rating and a $50.00 price target on the stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 4.58% from the company's previous close.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group began coverage on Bullish in a report on Monday. They set a "buy" rating and a $68.00 target price on the stock. Compass Point began coverage on Bullish in a research report on Wednesday, September 3rd. They set a "neutral" rating and a $45.00 price target on the stock. Rosenblatt Securities began coverage on Bullish in a research report on Monday. They set a "buy" rating and a $60.00 price target on the stock. Finally, Wall Street Zen raised Bullish to a "hold" rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $54.40.

Bullish Price Performance

Shares of NYSE:BLSH opened at $52.40 on Monday. Bullish has a twelve month low of $47.88 and a twelve month high of $118.00. The firm has a market capitalization of $7.66 billion and a PE ratio of -1,036.47.

Bullish Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.