JPMorgan raised the firm’s price target on Bullish (BLSH) to $63 from $50 and keeps a Neutral rating on the shares. The company’s fiscal Q2 results were slightly better than expected and the Q3 guidance for the subscription/services business is triple the Q4 actual, the analyst tells investors in a research note. JPMorgan cites Bullish’s execution risk around the U.S. buildout and the 20% move in the stock over the last few days for its continued Neutral rating.
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