#WallStreetNews

🚨 Wall Street’s take on Circle (CRCL) stock is split! 🧵

Circle’s IPO is making waves, with major firms kicking off coverage post-quiet period. Barclays, Bernstein, Canaccord, and Needham are bullish, setting price targets above $200, seeing ~$15 upside from the current $180.14 (per finance card above). They highlight Circle’s edge in the stablecoin market, with Bernstein noting CRCL’s “market-leading digital dollar stablecoin network” and strong regulatory moat. 🚀

But JPMorgan and Goldman Sachs are skeptical, warning on valuation. JPMorgan slapped an $80 target—59% below current price—calling the $58.6B market cap “elevated” despite praising Circle’s management and USDC’s $62B market cap. Goldman’s neutral with an $83 target, citing growth potential but agreeing the valuation’s stretched. ⚠️

Circle’s $USDC is a leader in a “winner-takes-most” market, but will valuation concerns cap its run? Check the finance card above for CRCL’s wild ride: $180.14 today, down from a June high of $270.50. 📊

What’s your take—bullish or cautious on CRCL? 👀