Citi: Circle's Valuation Is Reasonable, Initiates Coverage With a Buy Rating

Odaily Planet Daily News: Financial giant and a certain exchange stated that Circle's valuation is reasonable and has given it an initial buy rating. The exchange set a target price of $243 for Circle's stock, representing an increase of about 34% from last night's closing price of just over $181. According to the exchange's report, Circle benefits from "scarcity value, a 'winner-takes-all' philosophy, significant potential opportunities, legislative momentum," and "substantial operating leverage potential."