Lates News

Wall Street bank Citigroup updated its digital asset stock report, lowering the target prices of some crypto stocks due to the recent general downturn in the crypto market, but still remains optimistic about the sector. Analyst Peter Christiansen and his team stated in a report on Friday, "Despite the recent volatility in tokens, we still view digital asset stocks favorably." Circle Financial (CRCL), the issuer of stablecoin USDC, remains Citigroup's top pick, with the team reiterating their target price of $243 even though the stock has recently fallen sharply to $83.60. Christiansen's next picks are Bullish (BLSH) and Coinbase (COIN). He said, "We believe that BLSH is well positioned to benefit from an increase in institutional investors (especially in the US) and participation from traditional finance (TradFi)." The target price for BLSH was lowered from $77 to $67 but still has significant upside potential compared to the current price of $44. The target price for COIN remains at $505, with the stock currently trading at.