Circle's Valuation Not Stretched, Says Citi, Starting Coverage With Buy Rating
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币界网报道：Citigroup initiated coverage of Circle (CRCL) with a buy/high risk rating and a $243 price target, citing its potential as a key player in stablecoin adoption. Despite the stock's volatility post-IPO, analysts highlighted Circle's "scarcity value, large addressable opportunity, and legislative momentum" as competitive advantages. The report emphasized Circle's neutrality and operational leverage as strengths, though JPMorgan remains cautious, rating it underweight due to valuation concerns. Stablecoins like Circle's USDC play a vital role in crypto markets and cross-border transactions.
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