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Investing.com - US Tiger Securities initiated coverage of Circle Internet Group (NYSE:CRCL) with a Hold rating and a $200 price target on Tuesday. For comprehensive analysis and real-time valuation metrics, investors can access detailed company insights on InvestingPro.
The research firm views Circle as the first mover in regulation-friendly stablecoins, with USDC positioned as the leading compliant digital dollar in the market.
US Tiger Securities noted that Circle benefits from institutional trust, policy alignment including the GENIUS Act, and strong distribution channels via Coinbase (NASDAQ:COIN), banks, and developers, giving the company a solid foundation to capture market share as regulation advances.
The firm expressed a constructive view on Circle’s broader vision, particularly in payments and financial rails, but characterized these as long-term bets that require ecosystem traction and policy clarity.
At current levels, US Tiger Securities believes much of this optionality is already priced into the stock, making it expensive at 59 times estimated 2026 EBITDA. Investors seeking deeper valuation analysis can explore comprehensive Fair Value estimates and over 30 financial health indicators available on InvestingPro.
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