Circle (NASDAQ:CRCL), a leading dollar stablecoin issuer (USDC), has drawn analyst interest in recent days, including price target changes.
Circle went public a bit over a year ago (June 5, 2025) at an initial public offering (IPO) price of $31 a share. So far, investors who have held shares have done pretty well, as Circle is trading around $90 a share, after hitting a 52-week high of about $159 a share. Circle has been a clear winner when it comes to Fintech IPOs in the last year.
Today, Susquehanna analyst James Friedman reportedly held his neutral rating while raising his price target from $69 to $92.
Needham is more bullish on the shares, moving its price target from $127 a share to $130 a share.
The Block reports that Bernstein has reaffirmed its outperform rating with a $140 price target. This follows an adjustment last month when Bernstein cut its target from $190 $140.
Cathie Wood, who holds a significant position in Circle through ARK Invest, is treating the company as a core, long-term holding.
Wood recently took to X, using Circle as an example of short-term market inefficiencies. She believes that most analysts cannot fathom the incoming disruption in the queue powered by Circle.
Meanwhile, USDC usage has regained some of its vigor, adding about $800 million in usage in the past week. Overall, crypto markets have been bullish, with Bitcoin on the rise and positive comments from the Trump administration on crypto policy and legislation. Let’s see how the CLARITY Act fares in September.
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