Citigroup gives Circle a buy rating for the first time with a target price of $243, a pump of 34%.

2025-07-01 12:34:31

Citi, a financial giant, stated that Circle's valuation is reasonable and has given it a buy rating for the first time, setting a target price of $243 for Circle's stock, which is about a 34% rise from last night's closing price of $181. The Citi report mentioned that Circle benefits from "scarcity value, the 'winner takes all' concept, huge potential opportunities, legislative momentum," and "significant operational leverage potential."

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Web3ExplorerLin

· 07-04 04:24

Fascinating pattern: Circle seems to be quantum-leaping from stablecoin provider to financial powerhouse. Although bullish thesis aligns with institutional adoption paradigm, we must scrutinize the 'winner-takes-all' narrative through DeFi's decentralization ethos.

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GasFeeNightmare