Okay, okay, let’s get down to business! 🤑 Seaport Securities just gave Circle Internet Group (CRCL) its first sell-side coverage, and boy, are they feeling the love! 😍 It’s a buy rating, baby, with a price target of $235! 🎉
But wait, there’s more! 🤔 Seaport thinks the stablecoin market cap could hit a whopping $2 trillion in the long term. That’s like, a gazillion dollars! 💸 Right now, it’s only around $260 billion, so yeah, that’s a pretty big deal! 🤑
- Circle’s shares are up nearly 20% on Friday to $237. That’s like, a lot of moolah! 💸
- Seaport sees Circle making bank with annual revenue growth of 25%-30% and gross margins of around 40%. That’s like, music to investors’ ears! 🎵
- And the cherry on top? Circle’s expected to perform way better than most fintechs over the next two years, so it deserves a premium multiple. That’s like, the icing on the cake! 🎂
So, what’s the takeaway? 🤔 Circle’s on fire, and Seaport’s got the matches! 🔥 The stock has already risen nearly eight-fold since going public at $31 a bit more than two weeks ago. That’s like, a rocket ship to the moon! 🚀
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2025-06-20 20:14