Citigroup's latest report: Crypto stocks remain optimistic, with multiple stock target prices set for adjustments

【Blockchain Rhythm】Citigroup has recently released a research report on digital asset stocks. Analyst Peter Christiansen’s team stated in the report that despite recent significant volatility in the crypto market, they remain optimistic about the long-term prospects of this sector.

In stock selection, Circle Financial (CRCL) remains Citi’s top choice. The issuer of the stablecoin USDC has a target price set at $243. Although it has now fallen to $83.60, the team maintains this target price.

Next are Bullish (BLSH) and Coinbase (COIN). The analysis team believes BLSH will benefit from increased institutional investment, especially from US institutions and traditional financial participants. BLSH’s target price has been adjusted from $77 to $67, currently trading at $44, leaving room for further growth. COIN’s target price remains at $505, with the current price at $242.

MicroStrategy (MSTR) has seen some adjustments. This stock, which has attracted attention due to its Bitcoin exposure, recently fell to around $160. Its target price has been lowered from $485 to $325, but still indicates nearly 100% upside potential. Overall, these traditional Wall Street institutions are quite optimistic about crypto asset stocks, though they are now more cautious in valuation.

USDC-0,01%
BTC2,04%
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