Circle shares sank 5% in overnight trading, erasing earlier gains. JPMorgan initiated Circle with Underweight rating and target price $80. The shares plunged 15.5% on Friday.
The company, which went public earlier this month, is the sole issuer of USDC, one of the most popular stablecoins on the market. After an incredible post-IPO run, the company's stock retreated as investors grew wary of its valuation.
Several analysts predict that Circle could see a reversal in the long term due to potential interest rate reductions and rising competition.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。