Mizuho Securities maintained its "weaker-than-market" rating on Circle shares, with analysts lowering their base price target to $70 from $84. Circle shares, ticker CRCL, were trading at about $82 on Friday, down nearly 40 per cent over the past month.
"We believe the company's valuation does not properly reflect the key risks to medium-term earnings," analysts at Mizuho Securities said in a research note. Potential risks, they added, include "impending interest rate cuts, relatively stagnant economic growth", high (and growing) circulation costs and increasing competition among stablecoins.
Mizuho Securities maintained its "weaker-than-market" rating on Circle shares, lowering its target share price to $70
2025-11-14 22:49:59
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