Bullish price target lowered to $42 from $50 at Clear Street

Clear Street analyst Owen Lau lowered the firm’s price target on Bullish (BLSH) to $42 from $50 and keeps a Buy rating on the shares. The company reported strong Q4 results and the fiscal 2026 outlook is solid, the analyst tells investors in a research note. Clear cites the “risk-off” environment, weak investor sentiment, and uncertainty surrounding the timing of market structure legislation for the target cut.