{"id":34575,"date":"2025-07-01T12:31:50","date_gmt":"2025-07-01T12:31:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34575"},"modified":"2025-07-01T12:31:50","modified_gmt":"2025-07-01T12:31:50","slug":"circles-valuation-not-stretched-says-citi-starting-coverage-with-buy-rating","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34575","title":{"rendered":"Circle’s Valuation Not Stretched, Says Citi, Starting Coverage With Buy Rating"},"content":{"rendered":"
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Circle (CRCL) has the opportunity to be a prime facilitator of stablecoin adoption, Wall Street bank Citigroup said in a research report Monday assuming coverage of the stock.<\/p>\n

Despite the stock’s outsized rally since going public, Circle’s valuation is not stretched, the report said. The stablecoin issuer priced at $31 a share in its initial public offering (IPO), and hit a record high<\/a> of $299 last week before slipping back to $181 since.<\/p>\n

The bank’s analysts initiated coverage of the shares with a buy\/high risk rating and a $243 price target, or about 34% upside from last night’s close.<\/p>\n

Stablecoins are cryptocurrencies<\/a> whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used to transfer money internationally.<\/p>\n

Circle benefits from “scarcity value, a ‘winner takes most’ construct, a large addressable opportunity, legislative momentum” and “significant operating leverage potential,” the report said.<\/p>\n

The company’s “key competitive strength is its neutrality,” analysts led by Peter Christiansen wrote, adding that “Circle’s defense against the risk of stablecoin fragmentation – being best of breed will be crucial.”<\/p>\n

Due to the company’s weighty operating leverage and low capital intensity, the stablecoin issuer can achieve large excess returns given the potential addressable market, the report added.<\/p>\n

Rival Wall Street bank JPMorgan is not as bullish, beginning coverage of Circle with an underweight rating yesterday, citing the stock’s valuation.<\/p>\n

Read more: Circle Valuation Is ‘Outside Our Comfort Zone,’ Initiate at Underweight: JPMorgan<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Circle (CRCL) has the opportunity to be a prime facilitator of stablecoin adoption, Wall Street bank Citigroup said in a research report Monday assuming coverage of the stock. Despite the stock’s outsized rally since going public, Circle’s valuation is not stretched, the report said. The stablecoin issuer priced at $31 a share in its initial […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34575","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34575"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34575\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}