Circle's target price is $243, Citigroup remains bullish on the digital asset outlook

After a round of correction in the crypto market, Citigroup has released its latest research report, giving an optimistic outlook on digital asset investment opportunities. The report maintains a target price of $243 for Circle, which remains unchanged. Currently, the market price shows a significant gap from the target price, reflecting the analyst team’s expectations for its future gains.

As of this Friday’s close, Circle’s trading price is around $86.13, leaving considerable room for an increase to the $243 target price. Citigroup’s analysis suggests that despite recent industry volatility, this presents a better opportunity for medium- and long-term investors to position themselves.

The report points out that after experiencing price fluctuations, the fundamentals of the digital asset sector have not substantively deteriorated, and the long-term logic of industry development remains valid. The Citigroup team states that the current overly pessimistic market sentiment may actually conceal considerable investment value. For investors focused on digital assets, this optimistic rating provides a reference for subsequent strategic adjustments.