Compass Point took a more cautious stance, reiterating a Neutral rating and $36 target, saying much of the expected growth is already priced in, though it acknowledged potential upside. Bullish shares surged more than 11% following the company’s $4.2 billion agreement to acquire transfer agent Equiniti. “Equiniti fills the most important gap in Bullish’s tokenization thesis: issuer access and transfer-agent authority,” Clear Street wrote. Clear Street maintained a Buy rating with a $50 price ta…
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