Citigroup released an updated digital asset stock outlook, trimming several price targets as the broader crypto weakness weighs on near-term valuations. The bank maintains a constructive view of the sector, noting that persistent token volatility has not disrupted its longer-term thesis that crypto equities offer meaningful upside within a disciplined risk framework.
The issuer of the USDC stablecoin, Circle Financial (CRCL), remains Citi’s top pick, with a target of $243 despite the stock trading around $83.60. Citi notes catalysts in BLSH and COIN, with BLSH‘s target trimmed to $67 from $77 as it sits near $44, while COIN maintains a $505 target.
Meanwhile, MicroStrategy (MSTR) earns a Buy rating with a revised target of $325 from $485 after a slide toward roughly $160, implying about 100% upside potential according to Citi’s updated model.
Source: https://en.coinotag.com/breakingnews/citigroup-maintains-optimism-in-digital-asset-stocks-with-usdc-leader-circle-crcl-as-top-pick
