Bullish price target raised to $59 from $56 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Bullish (BLSH) to $59 from $56 and keeps an Overweight rating on the shares. Cantor believes Bullish’s first quarter as a public company was a success, the analyst tells investors in a research note. Bullish remains well-positioned to benefit from the institutionalization of crypto, acting as a mission-critical provider of services to crypto project, the firm says.