Canaccord lowered the firm’s price target on Bullish (BLSH) to $50 from $68 and keeps a Buy rating on the shares. The firm said they remain quite buullish on Bullish as they made stellar progress again in Q3 in terms of business model expansion and innovative strategies around TAM expansion, all while delivering stellar margins. Canaccord continues to believe its forward estimates are conservative, as they have built in very little to transaction volumes coming from the launch of the US business and options trading.
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