BUZZ-Citizens initiates coverage on Circle Internet with 'market perform' rating
Brokerage Citizens initiates coverage on Circle Internet Groupwith a “market perform” rating, on compelling long-term growth opportunity tied to stablecoins and tokenized financeCitizens expects CRCL to benefit from stablecoins finding real-world applications in payments, remittances, trading, and cross-border payments“Circle’s hefty cash balance gives it stability today and the freedom to invest or acquire for more growth tomorrow”, says brokerageShares of CRCL up 0.6% at $134.30Seven of 16 brokerages rate stock “buy” or higher, six “hold” and three “sell”; median PT is $196 - data compiled by LSEG
Brokerage Citizens initiates coverage on Circle Internet Group (CRCL.N) with a “market perform” rating, on compelling long-term growth opportunity tied to stablecoins and tokenized finance
Citizens expects CRCL to benefit from stablecoins finding real-world applications in payments, remittances, trading, and cross-border payments
“Circle’s hefty cash balance gives it stability today and the freedom to invest or acquire for more growth tomorrow”, says brokerage
Shares of CRCL up 0.6% at $134.30
Seven of 16 brokerages rate stock “buy” or higher, six “hold” and three “sell”; median PT is $196 - data compiled by LSEG
