Wall Street analyst Ed Engel has upgraded Circle stock from ‘sell’ to ‘neutral’, decreasing the price target from 75 USD to 60 USD.
Circle stock is highly correlated with the cryptocurrency market, especially with over 75% of USDC used in high-risk DeFi activities.
Engel anticipates potential catalysts for growth, including the Clarity Act passage and asset tokenization, though a decoupling from the crypto market may take years.
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