Circle Internet Group Inc.’s stock is still a good investment, despite a sixfold increase in value since its initial public offering (IPO). Analyst Jeff Cantwell of Seaport Research Partners believes the company has room to grow due to its position as a leading “crypto disruptor”. The analyst set a buy rating and a price target of $235 per share for Circle’s stock, about 18% above its current closing level. According to Seaport Research Partners, the stablecoin market is expected to nearly double in value over the next 18 months to reach $500 billion, with potential to reach $2 trillion in the long term.
Source: https://www.marketwatch.com/story/why-stablecoin-play-circles-stock-is-still-a-buy-even-after-a-sixfold-rally-5ae6da08