Circle Internet Group Inc's stock fell 3.00% and hit a 20-day low amid a broader market rally, with the Nasdaq-100 up 0.80% and the S&P 500 up 0.33%.
Despite reporting a significant 59% year-over-year revenue growth, reaching nearly $2 billion in the first nine months of 2025, Circle faces challenges in maintaining this growth due to increasing competition in the stablecoin market. The company's forward P/E ratio of 85 raises concerns about investment risks, as investors question the sustainability of its growth amid a lack of competitive advantage.
The implications of these challenges suggest that while Circle has shown strong revenue performance, the high volatility and competition in the cryptocurrency market may lead investors to reconsider their positions, especially as safer options like Bitcoin gain traction.
Wall Street analysts forecast CRCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRCL is 143.07 USD with a low forecast of 65.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
Wall Street analysts forecast CRCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRCL is 143.07 USD with a low forecast of 65.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
4 Hold
3 Sell
Moderate Buy
Current: 70.900
Low
65.00
Averages
143.07
High
280.00
Current: 70.900
Low
65.00
Averages
143.07
High
280.00
Bernstein
Bernstein
Outperform
to
NULL
downgrade
$230 -> $190
2026-01-06
Reason
Bernstein
Bernstein
Price Target
$230 -> $190
AI Analysis
2026-01-06
downgrade
Outperform
to
NULL
Reason
Bernstein lowered the firm's price target on Circle Internet to $190 from $230 and keeps an Outperform rating on the shares. For 2026, the firm expects a tokenization supercycle - tokenization of the dollar, tokenization of capital markets, tokenization of events. Bernstein still feels good about Bitcoin despite the weak sentiment in Q4. It believes with reasonable confidence that Bitcoin and broader digital asset markets have bottomed.
Goldman Sachs
Neutral
maintain
$79 -> $88
2026-01-05
Reason
Goldman Sachs
Price Target
$79 -> $88
2026-01-05
maintain
Neutral
Reason
Goldman Sachs raised the firm's price target on Circle Internet to $88 from $79 and keeps a Neutral rating on the shares. The group remains selectively attractive, supported by forecast 2026 growth of 10% revenue and 8% adjusted EBITDA, with a preference for crypto infrastructure, secular growth areas like prediction markets and tokenization, and structurally advantaged businesses, the analyst tells investors in a research note. The base case assumes continued regulatory reform driving broader institutional adoption, though failure of U.S. crypto market structure legislation would pose a meaningful risk, Goldman adds.
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Citi
Buy
downgrade
$28 -> $23
2025-12-21
Reason
Citi
Price Target
$28 -> $23
2025-12-21
downgrade
Buy
Reason
Citi lowered the firm's price target on Riot Platforms (RIOT) to $23 from $28 and keeps a Buy rating on the shares. The firm updated valuation multiples in the digital assets group but remains positive on the sector into 2026. Citi still believes legislative reform will serve as a catalyst for the stocks. Circle Internet (CRCL) remains its top pick.
Citi
Peter Christiansen
Neutral
downgrade
$16 -> $13
2025-12-21
Reason
Citi
Peter Christiansen
Price Target
$16 -> $13
2025-12-21
downgrade
Neutral
Reason
Citi analyst Peter Christiansen lowered the firm's price target on Gemini (GEMI) to $13 from $16 and keeps a Neutral rating on the shares. The firm updated valuation multiples in the digital assets group but remains positive on the sector into 2026. Citi still believes legislative reform will serve as a catalyst for the stocks. Circle Internet (CRCL) remains its top pick.
About CRCL
Circle Internet Group, Inc. is a global financial technology company. It operates as a platform, network, and market infrastructure for stablecoin and blockchain applications and the issuer of a United States dollar-denominated stablecoin, USDC and a euro-denominated stablecoin, EURC (collectively Circle stablecoins). It provides a stablecoin network and a range of blockchain-specific software infrastructure. Its product offerings include Stablecoins, Developer Services, Integration Services, and Tokenized Funds. Developer Services develops an array of developer-ready and enterprise-grade infrastructure services that developers can plug into their own applications. It connects and integrates products, such as USDC across blockchain networks. Its Tokenized Funds are regulated yield-bearing investments for collateral use in capital markets. It also offers liquidity services, which provides institutional minting, reserving, redemption, and foreign exchange services for Circle stablecoins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
