Citigroup: Circle has a reasonable valuation and has been given a buy rating for the first time

Odaily Planet Daily News: Financial giant Citigroup stated that Circle's valuation is reasonable and has given it a buy rating for the first time. Citigroup has set its target price for Circle's stock at $243, up about 34% from last night's closing price of slightly above $181. The Citigroup report states that Circle benefits from "scarce value, winner takes all philosophy, enormous potential opportunities, legislative momentum," and "enormous operational leverage potential.