Bullish Viewed as Rare Public Crypto Exchange Play, Says KBW
KBW initiated Bullish (BLSH) with a neutral stance, citing a $55 price target. The firm was described as a unique, regulated option among public crypto exchanges. Analysts expect U.S. expansion to unlock market share gains, while acquisitions like CoinDesk and CCData provide recurring revenues and optional retail reach. However, valuation keeps the call balanced until execution is proven.
KBW Sees Bullish at $55, Calls U.S. Entry the Critical Trigger for Gains
