Movement Alert|Circle Internet Corp. Rises 5.01% in Regular Trading, Analyst Upgrades Fuel Rebound After Post-Earnings Selloff

Market Focus01:18

On May 21, Circle Internet Corp. rose 5.01% in regular trading, trading at $117.77/share, with trading volume of $766 million. The rebound follows a series of analyst upgrades that helped stabilize sentiment after a steep post-earnings decline.

On the news front, HC Wainwright upgraded Circle Internet from Neutral to Buy and raised its price target from $85 to $150, while Morgan Stanley lifted its target from $80 to $106, maintaining an Equal Weight rating. According to FactSet, the stock now carries an average analyst rating of Overweight with a mean price target of approximately $147. These upgrades come after the stock had fallen sharply from its post-Q1 earnings peak near $130, as reserve revenue missed expectations and regulatory uncertainty weighed on sentiment. The stock had declined to approximately $108 before the current recovery began.

Circle Internet Group is a financial technology company enabling businesses to harness digital currencies and public blockchains for payments, commerce, and financial applications worldwide.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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