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Bullish Stock Is Falling. What Analysts Say About the Latest Crypto IPO.

1. BLSH shares fell 4.76% after initial analyst reports. 2. IPO shares initially soared 80% but have dropped significantly since. 3. Cantor Fitzgerald sees bullish potential, rating it Overweight with a $56 target. 4. Oppenheimer warns of high valuation, giving a 'Perform' rating. 5. Most analysts rate BLSH Hold; average price target is $54.14.

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FAQ

Why Bearish?

The drop in BLSH shares indicates waning market optimism post-IPO. Analyst cautions on high valuations echo broader market trends seen in previous IPOs like Figma.

How important is it?

Analysts' contradictory sentiments and price targets create uncertainty that could influence investor decisions.

Why Short Term?

Immediate post-IPO performance will likely reflect current analyst sentiments. Short-term volatility is expected, similar to past IPO trends.

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