Bullish Gains KBW Coverage; U.S. Push Seen Driving Growth
Investment bank KBW began coverage of Bullish (BLSH) with a $55 target and market perform rating, underscoring the exchange’s U.S. entry as a key growth lever. Analysts said Bullish’s MiCAR-compliant licenses, liquidity depth, and low take rates (1.6 bps vs. Coinbase’s 3 bps) put it in a strong position to win institutional and retail flow. Its diversified revenues via CoinDesk and CCData are expected to form 40% of income by FY27.
KBW Lifts Bullish Outlook With $55 Price Goal, Highlights U.S. Entry Potential
