Express
Mizuho Securities: Circle Faces Mid-Term Risks of Slowing USDC Growth, Rising Distribution Costs, and Possible Rate Cuts
Summary: In breaking news, analysts at Mizuho Securities have stated that Circle's stock faces mid-term risks such as slower-than-expected USDC growth, rising distribution costs, and potential rate cuts by the Federal Reserve. Analysts predict a target price of $84 for CRCL, with a pessimistic forecast suggesting a price of $40 by 2027, lower than the closing ...
In breaking news, analysts at Mizuho Securities have stated that Circle's stock faces mid-term risks such as slower-than-expected USDC growth, rising distribution costs, and potential rate cuts by the Federal Reserve. Analysts predict a target price of $84 for CRCL, with a pessimistic forecast suggesting a price of $40 by 2027, lower than the closing price of $153.16 on Wednesday after the company's quarterly earnings report. It is worth noting that Bernstein analysts maintain a target price of $230 for the stock.
Tags:
Link: Mizuho Securities: Circle Faces Mid-Term Risks of Slowing USDC Growth, Rising Distribution Costs, and Possible Rate Cuts [Copy]
