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2h ago

Wall Street Launches Mixed Ratings for Circle as Shares Surge

Brokerages are divided over Circle’s valuation with price targets spanning from roughly $80 to over $200 after a 160 percent post-IPO rally.

Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group's IPO, in New York City, U.S., June 5, 2025. REUTERS/Brendan McDermid/File Photo
Circle logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • Circle’s stock trades near $180 on the NYSE after debuting at $69 per share following an IPO priced at $31.
  • Barclays, Bernstein, Canaccord Genuity and Needham initiated coverage with buy-equivalent ratings and price targets above $200.
  • J.P. Morgan opened with an underweight rating and an $80 target while Goldman Sachs set a neutral view with an $83 target citing elevated valuation.
  • The U.S. Senate’s passage of the GENIUS Act created the first federal stablecoin regulatory framework, strengthening confidence in Circle’s business.
  • Circle’s USDC stablecoin is fully reserved and benefits from a strategic revenue-sharing agreement with Coinbase that supports its payments and treasury services growth.