Wu Blockchain (@WuBlockchain): According to Bloomberg, Circle’s stock has surged nearly 490% since its IPO, but lead underwriter JPMorgan initiated coverage with an “Underweight” ra…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- USDC-70Negative
According to Bloomberg, Circle’s stock has surged nearly 490% since its IPO, but lead underwriter JPMorgan initiated coverage with an “Underweight” rating and a $80 price target, signaling a 60% downside. Analyst Kenneth Worthington cited rising competition from firms like Fiserv, Mastercard, Amazon, and Walmart exploring their own stablecoins. https://t.co/ZMeNAFe11f