Seaport analyst projects stablecoin market cap roughly doubling in 18 months to $500 billion, and could reach $2 trillion over the long term
Circle Internet Group Inc.’s stock still has room to run because of its role as a top-tier “crypto disruptor,” even after a more than sixfold gain since the stablecoin issuer went public, an analyst said Friday.
Seaport Research Partners analyst Jeff Cantwell initiated coverage of Circle Internet with a buy rating and a price target of $235 a share, about 18% above the stock’s closing level of $199.59 a share on Wednesday.
