Citigroup: Circle's valuation is reasonable, initiating a buy rating.

Odaily News Financial giant Citigroup stated that Circle’s valuation is reasonable and has given it an initial buy rating, with a target stock price of $243, which is approximately a 34% rise from last night’s closing price of $181. The Citigroup report noted that Circle benefits from “scarce value, the ‘winner takes all’ concept, enormous potential opportunities, legislative momentum,” and “significant operational leverage potential.”