高盛：Circle 首次覆盖，目标价83

30 June 2025 | 12:05AM EDT Circle Internet Group (CRCL) A unique asset in the crypto ecosystem, with a healthy growth outlook, although valuation appears elevated; initiate at Neutral CRCL 12m Price Target: $83.00 Price: $180.43 Downside: 54.0% We initiate coverage of stablecoin issuer Circle Internet Group (CRCL) with a Neutral rating and an $83 12-month price target, based on 60.0x Q5-Q8 adjusted earnings, implying 54% downside. CRCL is a unique asset in the public markets, as the only pure play crypto-na ...