Cramer's Mad Dash: Circle

Crypto Market & Stablecoin - Circle is considered a potentially high-performing IPO in the crypto space [1] - The company operates within the crypto ecosystem, focusing on stablecoins as an alternative to potentially "sketchy" options like Tether [2] - Circle is the second largest stablecoin by usage, following Tether [2] Analyst Ratings & Underwriter Perspectives - JP Morgan initiated coverage with an "underweight" rating and a price target of $80 [2] - Goldman Sachs has a "hold" rating with a price target of $83 [3] - Both JP Morgan and Goldman Sachs are underwriters for Circle [3] Market Valuation & Stock Performance - The stock is trading at $181, significantly above JP Morgan's price target of $80 [4] - The current market situation is compared to the 1995-1998 era, suggesting a period of high volatility and uncertainty [4] - The significant difference between the stock price and the underwriter's price target raises questions about market sanity [4][5]