Analyst predicts 200% upside for Circle stock despite fierce competition

Circle stock was just purged from the Russell Growth Indices and faces a massive threat from OUSD, a new rival backed by BlackRock and Visa. Yet, even after a 13% crash, there is a projected 200% upside with a $190 price target. It’s wild to claim a company losing its index status can triple in value while fighting the world’s largest financial institutions. Is this a genius contrarian play or total market delusion? Can Circle actually survive this?
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