Circle Internet (CRCL) Stock Surges Post-Earnings as Analysts Raise Targets
Circle Internet Group's stock briefly touched $90 before settling NEAR $87, capping a 30% rally following robust Q4 results. Earnings of $0.43 per share surpassed estimates by 23%, while revenue jumped 77% year-over-year to $770 million.
Bernstein maintained its Outperform rating and $190 target, highlighting Circle's transaction revenue growth and blockchain validation rewards. Mizuho lifted its target to $90 but cautioned about interest-rate risks. The quarter's performance marked a notable divergence from broader crypto market trends.