These Analysts Slash Their Forecasts On Circle Internet Group After Q3 Results

Benzinga Earnings11-05 20:07

Circle Internet Group Inc. (NYSE:CRCL) on Wednesday reported upbeat third-quarter results and disclosed a workforce reduction of about 5%.

Circle reported third-quarter earnings per share of 84 cents, beating the consensus estimate of 37 cents, and up from 64 cents a year earlier. It reported total revenue and reserve income of $864.888 million, up 17% from a year earlier, beating the consensus estimate of $778.121 million.

“In Q3, we saw continued proof that institutions are building and expanding on USDC. Tereina is bringing USDC and EURC into the SAP ecosystem, Visa took stablecoin prefunding into commercial deployment, and Binance renewed and expanded our partnership,” said Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle. “We also launched Arc on public mainnet with more than 100 institutional and ecosystem builders, giving them the infrastructure to build the next generation of financial applications. Together, we’re building the financial and economic infrastructure for the internet, and upgrading the system for a world where people, businesses, and AI agents all transact onchain.”

Circle shares fell 1.6% to $74.88 in pre-market trading

These analysts made changes to their price targets on Circle following earnings announcement.

HC Wainwright & Co. analyst Mike Colonnese maintained the stock with a Buy and lowered the price target from $104 to $100.
Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $134 to $103.

Considering buying CRCL stock? Here’s what analysts think:

Photo via Shutterstock

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It reported total revenue and reserve income of $864.888 million, up 17% from a year earlier, beating the consensus estimate of $778.121 million.</p><p>“In Q3, we saw continued proof that institutions are building and expanding on USDC. Tereina is bringing USDC and EURC into the SAP ecosystem, Visa took stablecoin prefunding into commercial deployment, and Binance renewed and expanded our partnership,” said Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle. “We also launched Arc on public mainnet with more than 100 institutional and ecosystem builders, giving them the infrastructure to build the next generation of financial applications. 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Here’s what analysts think:</strong></p><figure><img decoding=\"async\" height=\"299\" loading=\"lazy\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05070645/image-112-1024x299.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05070645/image-112-1024x299.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05070645/image-112-300x88.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05070645/image-112-768x224.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05070645/image-112.png 1152w\" width=\"1024\"/></figure><p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/11/62911902/these-analysts-slash-their-forecasts-on-circle-internet-group-after-q3-results","article_id":"2681022457","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2681022457","pubTimestamp":1793880478,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Circle beat Q3 estimates with $865M revenue and 84-cent EPS, but announced 5% layoffs; analysts cut price targets and shares fell 1.6%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"这些分析师在第三季度业绩公布后大幅下调了对 Circle Internet Group 的预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/08224fdc7e1b81a33b728d24fd5b4e1e","symbols_score_info":{"CIR":0.6,"IBLC":0.6,"CCUP":0.6,"BKCH":0.6,"CRCD":0.6,"CRCA":0.6,"CRCL":1.98,"BLCK":0.6,"CRCO":0.6,"ICRC":0.6,"CRCG":0.6},"content_text":"Circle Internet Group Inc. (NYSE:CRCL) on Wednesday reported upbeat third-quarter results and disclosed a workforce reduction of about 5%.Circle reported third-quarter earnings per share of 84 cents, beating the consensus estimate of 37 cents, and up from 64 cents a year earlier. It reported total revenue and reserve income of $864.888 million, up 17% from a year earlier, beating the consensus estimate of $778.121 million.“In Q3, we saw continued proof that institutions are building and expanding on USDC. Tereina is bringing USDC and EURC into the SAP ecosystem, Visa took stablecoin prefunding into commercial deployment, and Binance renewed and expanded our partnership,” said Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle. “We also launched Arc on public mainnet with more than 100 institutional and ecosystem builders, giving them the infrastructure to build the next generation of financial applications. Together, we’re building the financial and economic infrastructure for the internet, and upgrading the system for a world where people, businesses, and AI agents all transact onchain.”Circle shares fell 1.6% to $74.88 in pre-market tradingThese analysts made changes to their price targets on Circle following earnings announcement.\nHC Wainwright & Co. analyst Mike Colonnese maintained the stock with a Buy and lowered the price target from $104 to $100.\nNeedham analyst John Todaro maintained the stock with a Buy and cut the price target from $134 to $103.\nConsidering buying CRCL stock? 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