Bullish (NYSE:BLSH) makes it to the top of our list of 10 oversold stocks offering high upside. As of the June 18 closing, the stock offered more than 98% upside potential and carried moderately bullish consensus sentiment. Despite some recent downward adjustments by **** ysts, the price targets still appear highly attractive.
On June 16, Kenneth Worthington from J.P. Morgan decreased the price target for Bullish (NYSE:BLSH) from $43 to $26, while maintaining a Neutral rating on the stock. The **** yst believes that the company is concentrating on tokenized shares rather than traditional electronic and physical stocks.
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Worthington stated that over time, the change in business strategy may result in huge upside and a big increase in revenue per client. Additionally, he pointed out certain risks **** ociated with the Equiniti purchase, particularly with regard to customer demand and timing of these recently launched tokenized share offerings.
Back in mid-May, Brian Bede from Deutsche Bank reiterated his Buy rating, while decreasing the price target for Bullish (NYSE:BLSH) from $63 to $61. According to the **** yst, this adjustment follows the company's first-quarter earnings report, which delivered mixed operational and financial results. However, the reduced price target still offers an impressive upside potential of over 155% at the prevailing level.
On June 16, Kenneth Worthington from J.P. Morgan decreased the price target for Bullish (NYSE:BLSH) from $43 to $26, while maintaining a Neutral rating on the stock. The **** yst believes that the company is concentrating on tokenized shares rather than traditional electronic and physical stocks.
Pixabay/Public Domain
Worthington stated that over time, the change in business strategy may result in huge upside and a big increase in revenue per client. Additionally, he pointed out certain risks **** ociated with the Equiniti purchase, particularly with regard to customer demand and timing of these recently launched tokenized share offerings.
Back in mid-May, Brian Bede from Deutsche Bank reiterated his Buy rating, while decreasing the price target for Bullish (NYSE:BLSH) from $63 to $61. According to the **** yst, this adjustment follows the company's first-quarter earnings report, which delivered mixed operational and financial results. However, the reduced price target still offers an impressive upside potential of over 155% at the prevailing level.
1 month ago
