Circle Internet Corp.'s stock soared 6.66% during intraday trading on Monday, reflecting a significant upward movement for the crypto-related company.
The surge came after Clear Street upgraded Circle Internet Corp. to "buy" from "hold" and raised its price target to $136 from $92. The brokerage cited multiple catalysts including tokenization, regulatory clarity, prediction markets, AI, and adoption despite pullback in broader crypto markets. Additionally, President Trump's public support for the CLARITY Act increases the probability of near-term stablecoin legislation, which helps reduce regulatory overhang and unlock institutional participation.
As of last close, CRCL stock was up 45.5% year-to-date, and 12 of 27 brokerages rate the stock "buy" or higher, according to data compiled by LSEG.
Comments