Mizuho Securities downgrades Circle’s rating to “underperform the market,” with a target price of only $50

PANews July 19, according to a report by Bloomberg, Dan Dolev, an analyst at Mizuho Securities USA LLC, downgraded Circle’s rating from “neutral” to “underperform,” and set the lowest $50 price target on Wall Street. Dolev believes Circle’s share price has fallen by more than three-quarters from its peak after last year’s IPO. With more stablecoins flowing into the market, the situation may further deteriorate.

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