Reported about 5 hours ago
Circle's (CRCL) post-IPO success faces criticism from Wall Street, particularly from Mizuho Securities, which has given it an 'Underperform' rating with an $85 price target. Analysts express concerns over expected revenue growth, high distribution costs, and increasing competition, especially with the anticipated reduction in interest rates by the Federal Reserve. While the market response to Circle is mixed, with multiple buy and hold ratings, its stock has outperformed significantly since going public at $31, now trading at $204.
Source: YAHOO