Compass Point gives Bullish a "Neutral" rating with a target price of $45

Jinse Finance reported that Wall Street bank and research firm Compass Point has given a neutral rating to the US-listed company Bullish (BLSH), with a target price of $45. Analyst Ed Engel stated that there may be better buying opportunities in the next 1-2 quarters. Bullish also holds $2.7 billions worth of cryptocurrency reserves, most of which are in bitcoin, making the stock's performance closely tied to BTC price fluctuations and therefore subject to a certain degree of volatility.