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Highlights

  • Deutsche Bank initiates coverage with “Hold” rating and USD 51 price target.
  • Four analysts recommend Buy, while six maintain Hold on Bullish shares.

Shares of Bullish (NYSE: BLSH) are receiving mixed views from analysts following a series of coverage initiations across Wall Street. Deutsche Bank Aktiengesellschaft began its coverage this week with a “Hold” rating and a price target of USD 51.00, implying a potential downside of approximately 5.75% from current levels. The bank’s report emphasizes a neutral stance, aligning with the broader consensus for the stock.

Other major research firms have issued varying recommendations. Canaccord Genuity Group started coverage with a “Buy” rating and a USD 68.00 target price, representing the highest target among recently published reports. Meanwhile, Compass Point initiated coverage with a “Neutral” rating and a USD 45.00 target price, reflecting a more cautious outlook. JPMorgan Chase & Co. also entered coverage, assigning a “Neutral” rating and a USD 50.00 price target.

Rosenblatt Securities offered a more optimistic perspective with its “Buy” rating and a USD 60.00 target price, slightly above the average analyst estimate. Additionally, Wall Street Zen recently upgraded its view to “Hold”, signaling a shift from a previously more negative stance.

In total, ten analysts currently cover the stock, with four assigning Buy ratings and six recommending Hold. Based on MarketBeat data, the average price target for Bullish shares is USD 56.11, suggesting that analysts collectively expect modest movement from current levels.

Bullish operates as a global digital asset platform, providing infrastructure and services for institutional clients and individual participants in the digital assets space.