Circle Internet Group (CRCL) is trading slightly lower in pre-market at $72.18 (-0.91%), pressured by significant drops in BTC and ETH, despite closing the previous day up 4.12% at $72.84.
- The stock recently received an upgrade from Mizuho, citing rising USDC usage, with the average analyst target set significantly higher at $102.29.
- While the analyst consensus suggests undervaluation, DCF models indicate the stock may be 12.7% overvalued at a price of $69.96.
- The pre-market dip follows sharp declines in major cryptocurrencies, with BTC falling -1.57% to $87,681.28 and ETH dropping -2.94%.