qualification
@qualification
Mizuho Securities rates Circle "underperform," targeting $85 vs. current ~$205. They see USDC growth overestimated, with risks like rate cuts and high costs. USDC’s $62B market cap ranks second, but Mizuho doubts Circle’s $4.5B 2027 revenue goal. New regulations could tighten competition, despite Circle’s compliance efforts. Bernstein’s bullish at $230, calling it the "internet dollar network" for the decade.
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