Bullish (BLSH) shares plummeted 5.23% during intraday trading on Friday, as the stock faced selling pressure following analyst price target reductions.
Clear Street lowered its price target on Bullish to $48 from $50 while maintaining a Buy rating on the shares, citing soft performance from the company. Separately, Rosenblatt Securities cut its target price on Bullish to $42.5 from $45.
The price target reductions from multiple analysts contributed to negative sentiment toward the stock during the trading session.
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