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Mizuho Securities maintains a "underperform" rating on Circle stock and lowers the target price to $70.

Golden Finance reports that Mizuho Securities maintains a “underperform” rating on Circle's stock, with analysts lowering the base target price from $84 to $70. Circle's stock (ticker symbol CRCL) traded at around $82 on Friday, having fallen nearly 40% over the past month. Analysts at Mizuho Securities stated in a research report: “We believe that the company's valuation fails to adequately reflect the major risks posed to its mid-term earnings.” The analysts also pointed out that potential risks include “upcoming interest rate cuts and relatively stagnant economic growth.” The high (and growing) cost of circulation, as well as the increasingly fierce competition among stablecoins.

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Kuku0118vip
· 11-14 23:10
Just go for it💪
View OriginalReply0
Kuku0118vip
· 11-14 23:10
Just go for it💪
View OriginalReply0
Kuku0118vip
· 11-14 23:10
Just go for it💪
View OriginalReply0
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