Canaccord Genuity Group Begins Coverage on Bullish (NYSE:BLSH)

Key Points

• Canaccord Genuity Group has initiated coverage on Bullish (NYSE:BLSH) with a "buy" rating and a price target of $68.00, suggesting a 29.77% potential upside from the current price.
• Other analysts have mixed views, with Wall Street Zen rating it a "hold", Rosenblatt issuing a "buy" at $60.00, and Compass Point a "neutral" at $45.00, resulting in an average rating of "Hold" across the board.
• Bullish shares opened at $52.40 on Monday and have seen a 52-week price range from $47.88 to $118.00.

Equities researchers at Canaccord Genuity Group assumed coverage on shares of Bullish (NYSE:BLSH - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a "buy" rating and a $68.00 price target on the stock. Canaccord Genuity Group's price target indicates a potential upside of 29.77% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Bullish to a "hold" rating in a report on Saturday, August 30th. Rosenblatt Securities initiated coverage on shares of Bullish in a research note on Monday. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Compass Point initiated coverage on shares of Bullish in a research note on Wednesday, September 3rd. They issued a "neutral" rating and a $45.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $54.40.

Bullish Trading Up 6.9%

BLSH opened at $52.40 on Monday. The firm has a market cap of $7.66 billion and a price-to-earnings ratio of -1,036.47. Bullish has a 52-week low of $47.88 and a 52-week high of $118.00.

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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