Analyst Ratings
Citizens Starts Circle Coverage With Market Perform Rating on Stablecoin Growth, Valuation
Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.
Bullish Gets a New $55 Price Target from KBW With U.S. Entry Seen as Key Catalyst
The bank assumed coverage of the crypto exchange with a market perform rating and a $55 price target.
Bakkt Rated Buy With 44% Upside on Stablecoin Growth Potential: Clear Street
The company has sold non-core units to streamline into a blockchain-native payments platform, said Clear Street.
Bakkt Reboots With Fresh Strategy; Initiate at Buy with $13 Price Target: Benchmark
Under the firm's new CEO Akshay Naheta, Bakkt has shed its custody arm and is selling off its legacy loyalty business, the report said.
Wall Street Sees U.S. Entry as Catalyst for Bullish’s Next Leg Up
The crypto exchange received two buys, one market-perform, and one neutral rating from Wall Street analysts.
Bitcoin Miner MARA Holdings Upgraded to Overweight at JPMorgan; IREN and Riot Cut to Neutral
The bank updated its miner estimates to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price.
Core Scientific Sale Sets Floor Price for Bitcoin Miners: JPMorgan
The deal, however, appears to be a "one-off," and unlikely to be replicated.
Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright
The firm's analysts expect shareholder approval for the transaction, with no indication of delays to the closing timeline.
Semler Scientific Gets Buy Rating From Benchmark, $101 Price Target on Bitcoin Treasury Pivot
Semler trades at a steep discount compared to bitcoin treasury peers, the report said.
Circle's Valuation Not Stretched, Says Citi, Starting Coverage With Buy Rating
Citi's $243 price target suggests roughly 34% upside from last night's close just above $181.
