Jefferies Financial Group Initiates Coverage on Bullish (NYSE:BLSH)

Key Points

• Jefferies Financial Group has initiated coverage on Bullish (NYSE:BLSH) with a "hold" rating and a price target of $49.00, suggesting a potential downside of 6.49%.
• Other analysts have varied opinions on Bullish, with Canaccord Genuity estimating a price target of $68.00 (buy rating) and Compass Point setting a target of $45.00 (neutral rating).
• Bullish's current market capitalization is $7.66 billion with a 12-month trading range between $47.88 and $118.00.

Equities researchers at Jefferies Financial Group started coverage on shares of Bullish (NYSE:BLSH - Get Free Report) in a research report issued on Monday,Benzinga reports. The firm set a "hold" rating and a $49.00 price target on the stock. Jefferies Financial Group's price target indicates a potential downside of 6.49% from the company's previous close.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group began coverage on shares of Bullish in a research report on Monday. They set a "buy" rating and a $68.00 price target on the stock. Compass Point began coverage on shares of Bullish in a research report on Wednesday, September 3rd. They set a "neutral" rating and a $45.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Bullish in a research report on Monday. They set a "neutral" rating and a $50.00 price target on the stock. Wall Street Zen raised shares of Bullish to a "hold" rating in a research report on Saturday, August 30th. Finally, Rosenblatt Securities initiated coverage on shares of Bullish in a report on Monday. They set a "buy" rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $54.40.

Bullish Trading Up 6.9%

Shares of 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 12 month low of $47.88 and a 12 month high of $118.00.

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.

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