Deutsche Bank upgraded Bullish (BLSH) to Buy from Hold with a price target of $51, down from $52, following the company’s Q3 earnings report. After contracting over 50% from a peak in mid-August and with the shares now 5% below the August IPO price, the firm sees the stock “offering a more compelling risk/return profile” and it sees the company remaining on its planned growth trajectory consistent with its communication post the IPO process, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLSH:
- Bullish upgraded to Buy from Hold at Deutsche Bank
- Bullish Stock (BLSH) Slips Again as Record Q3 Earnings Fail to Lift Sentiment
- Kraken’s Secret IPO Paperwork Fuels a New Fight for Crypto Market Credibility
- Crypto Currents: Kraken confidentially files for IPO
- Bullish execution momentum accelerating, says Citi