StoneX starts Bullish at Buy, sees 97% upside on $4.2 billion Equiniti tokenization deal
AI summary
StoneX initiated coverage of crypto exchange Bullish with a Buy rating and a $42 price target, implying roughly 97% upside from current levels. The note ties the bullish case to Bullish's $4.2 billion Equiniti deal, which StoneX says opens up the tokenization market. Traders would read the sell-side endorsement as a confidence signal for the exchange's expansion beyond trading into tokenized assets.
