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JPMorgan maintains a neutral rating on Bullish, lowering the target price for 2026 to $45.

GateNews

Market Analysis

2025-11-21 02:16:19

PANews, November 21 - According to The Block, JPMorgan maintains a "neutral" rating on the cryptocurrency exchange Bullish (BLSH), despite its Q3 performance exceeding expectations. However, it has lowered the target price for 2026 from $46 to $45, due to the exclusion of interest income from stablecoin generated by IPO fundraising. The new target price offers approximately 23.3% upside potential compared to the current closing price of $36.5. Analysts expect that the rise in market fluctuation in Q4 will improve the trading environment, and are optimistic about the early launch of Bullish options products and growth in institutional clients.

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