Keefe, Bruyette & Woods Begins Coverage on Bullish (NYSE:BLSH)

Key Points

• Keefe, Bruyette & Woods has initiated coverage on Bullish (NYSE:BLSH) with a "market perform" rating and a price target of $55.00, indicating a potential upside of 6.01% from its current price.
• Multiple analysts have offered varying ratings on Bullish, with the consensus being a "Hold" and a price target of $56.00, while four analysts rated it as a Buy.
• Bullish’s shares have experienced a decline of 3.9%, with current trading opening at $51.88 and a 12-month high of $118.00.

Analysts at Keefe, Bruyette & Woods started coverage on shares of Bullish (NYSE:BLSH - Get Free Report) in a research report issued to clients and investors on Monday. The firm set a "market perform" rating and a $55.00 price target on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 6.01% from the stock's current price.

A number of other analysts have also weighed in on BLSH. Wall Street Zen lowered shares of Bullish from a "hold" rating to a "sell" rating in a research note on Saturday. Cantor Fitzgerald began coverage on shares of Bullish in a research note on Monday, September 8th. They issued an "overweight" rating and a $56.00 price objective for the company. Zacks Research raised shares of Bullish to a "hold" rating in a research note on Tuesday, September 9th. 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 for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Bullish in a research report on Monday, September 8th. They set a "hold" rating and a $51.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.00.

Bullish Stock Down 3.9%

Shares of BLSH opened at $51.88 on Monday. Bullish has a 12-month low of $47.88 and a 12-month high of $118.00. The firm has a market cap of $7.58 billion and a PE ratio of -1,026.19.

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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