Jim Cramer criticizes Circle Internet's overvalued stock price

Circle Internet Group (NYSE:CRCL) was recently discussed by Jim Cramer, who called its current price crazy and unjustifiable. JPMorgan initiated coverage with an Underweight rating, citing a valuation that is outside their comfort zone. The stock’s $80 price target already includes a premium for investment enthusiasm.

Circle (NYSE:CRCL) operates a platform supporting stablecoins and blockchain-based financial applications, providing tools for payments, liquidity, tokenized assets, and developer integration through its U.S. dollar-denominated stablecoin network.

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Read more at Yahoo Finance: Jim Cramer Says Circle Internet’s Price “Can’t Be Justified By Any Imagination”