$Circle Internet Corp.(CRCL)$ TD Cowen raised its price target on CRCL to $92.00. The view is that while the CLARITY Act failure was an initial setback, the Federal Reserve's hawkish lean actually boosts Circle's near-term interest-revenue financials on its cash reserves. Institutional algorithms picked up on that revised bull case and triggered heavy buying.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
