clearstreet

Analyst Owen Lau from Clear Street upgraded the crypto platform Bullish (BLSH) from a "Hold" to a "Buy" rating on Tuesday, November 11, 2025. The upgrade was based on the company's growing market share and expansion into new products and markets, including the U.S. and options trading. While the rating was upgraded, the price target was trimmed from $60 to $57. 

Details on the upgrade

Despite a price target reduction, the new $57 target still represents a potential 31% upside from Bullish's recent closing price of $46.59.

Clear Street noted that the lower price target is primarily due to "lower stock multiples driven by weaker sentiment" across the blockchain sector, rather than company-specific issues.

Key factors supporting the upgrade include:

Bullish's growing share of the global crypto spot trading market.

Expansion into options trading and liquidity services.

An attractive valuation.

Strong blockchain fundamentals.

The reopening of government.

The upgrade comes even after Bullish's stock has declined since Clear Street first initiated coverage in October 2025. 

$BLSH

#bullish #ClearStreet #crypto #StockUpgrade #BLSH

Clear Street — the underwriter behind multiple crypto-treasury firms — plans IPO in early 2026 with $10–12B valuation

According to a recent report, Clear Street aims to go public as soon as January 2026 with a valuation estimated between US $10–12 billion.

The firm has gained prominence by underwriting numerous digital-asset treasury (DAT) deals — including for firms adopting large Bitcoin holdings and other crypto-asset strategies.

Clear Street’s client roster reportedly includes high-profile crypto-treasury adopters and also companies like Trump Media & Technology Group.

The planned IPO comes at a time when the crypto-treasury model faces stress — falling crypto prices have pressured firms reliant on digital-asset holdings for value, which may add volatility to the IPO’s timing and reception.

#ClearStreet #CryptoTreasury #IPO #DigitalAssets #CryptoFinance

🗞️ NEW: CLEAR STREET PLANS IPO WITH ESTIMATED VALUATION OF $10–12B

According to @FT, CLEAR STREET is preparing for an IPO that could launch as early as next month, though the deal is unlikely to be completed before January, with Goldman Sachs leading the offering. The firm is now one of the most active underwriters for crypto-related equity deals, including STRATEGY’s listing.

CLEAR STREET also underwrote TRUMP MEDIA AND TECHNOLOGY GROUP, which plans to raise billions to build its own Bitcoin treasury.

#CoinRank #ClearStreet #CryptoNews