Clear Street Analyst Upgrades Bullish (BLSH) to Buy Amid Crypto Market Recovery
Clear Street analyst Owen Lau upgraded Bullish (BLSH) from Hold to Buy, arguing the digital asset platform's 26% monthly decline presents a buying opportunity. "The sell-off is overdone," Lau stated, citing Bullish's global spot trading market share gains and expansion into U.S. options markets.
Despite macroeconomic headwinds dragging blockchain stocks lower, Bullish maintains advantages in institutional liquidity services and blockchain infrastructure. The stock remains above its $37 IPO price even after recent sector-wide declines.