Monness Crespi analyst Gus Gala initiated coverage of Circle Internet (CRCL) with a Buy rating and $150 price target Circle appears well positioned to capture a significant share of on-chain M2 over time, as stablecoins enable both support for U.S. dollar dominance and more efficient global value transfer, the analyst tells investors in a research note. The company’s relative valuation discount to Tether underscores potential upside, with near-term catalysts including margin and dollar revenue improvement expected in the upcoming Q3 report, the firm says.
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