Circle Internet initiated with a Hold at Clear Street

Clear Street initiated coverage of Circle Internet (CRCL) with a Hold rating and $135 price target Stablecoin is a proven use case, and the first step to move into a tokenized world, as its network effect and neutral position highly differentiate Circle from other issuers, the analyst tells investors in a research note. The firm added that it prefers to stay on the sidelines until a more attractive entry point presents itself.