emblazing
@emblazing
Mizuho rates Circle (CRCL) "underperform," target $85 vs. current $205, citing overvalued USDC growth. Risks: lower rates, stagnant circulation, high costs. USDC's $62B market cap trails only Tether. Mizuho sees Circle's $4.5B 2027 revenue goal as 25%-30% too high. New regulations like GENIUS may heighten competition. Bernstein's bullish, targeting $230, calling Circle a potential "internet dollar network" in 10 years.
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