Summary
- Bernstein said in a report that Bullish's target price is $60.
- It analyzed that this is about 15% higher than the previous day's Bullish stock price.
- The report forecast that an expansion of institutional trading would drive the stock's rise.
An analysis said that Bullish, a crypto asset (cryptocurrency) exchange recently listed on Nasdaq, could rise to $60.
On the 8th (local time), The Block reported that Bernstein said in a report, "Bullish's target price is $60." This is about 15% higher than Bullish's previous-day stock price ($52).
It also forecast that an expansion of institutional trading would drive the stock's rise. The report said, "By 2030, institutional participation in the crypto asset market will exceed $18 billion," and "Bullish will secure a high market share and become the next-largest institutional-only exchange after Coinbase."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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