By CRCL stock price surge continued on Monday even as the broader market looked indecisive amid rising tensions in the Middle East.
Circle Internet Group (NYSE: CRCL), the company behind the USDC stablecoin surged 15% today, continuing a meteoric rise that has captured the attention of both Wall Street and the broader fintech sector.
The whopping 15% rise came despite high uncertainties on Wall Street after the United States joined Israel and launched strikes against Iran on Sunday.
The Dow Jones Industrial Average (DJIA) opened flat on Monday but started trading in the green after a while, showcasing high investor confidence.
Why CRCL stock is rising?
Circle Internet’s share price witnessed a massive rally on Monday and was trading at $274.49 at the time of publication.
The company’s market capitalization now exceeds $50 billion, a remarkable feat for a firm that went public less than a month ago.
The CRCL stock prices are pushed by a recent regulatory breakthrough as the US Senate passed the GENIUS Act, a comprehensive stablecoin regulation bill.
The legislation provides long-awaited regulatory clarity for stablecoin issuers, a move widely seen as legitimizing the sector and paving the way for broader institutional and corporate adoption.
Moreover, the surge seems to be riding on the strong momentum the company received after its impressive quarterly results.
Circle’s most recent quarterly net income jumped 33% to $64.79 million, demonstrating robust growth and operational leverage as the company scales.
The resurgence in cryptocurrency markets and the increasing integration of stablecoins into mainstream financial systems are drawing additional investor interest to Circle as a sector leader.
Analysts call it a ‘Crypto disrupter’
The Wall Street analysts seem very optimistic about CRCL stock.
As per TipRanks.com, the stock will perform much better as the stablecoin use increases.
Jeff Cantwell has called Circle a “top-tier crypto disruptor” and believes the company is set up for long-term success, with its flagship stablecoin USDC at the heart of that outlook.
Cantwell sees USDC as a major growth engine for Circle in the coming years, especially as the regulatory environment for stablecoins continues to improve.
One of the main reasons for Cantwell’s optimism is the shifting attitude among regulators worldwide, who are increasingly open to the idea of stablecoins.
As governments and agencies provide more clarity and support for these digital dollar tokens, the adoption will improve, particularly of USDC, to accelerate, giving Circle a clear path for expansion.
Given Circle’s strong growth prospects and robust business model, Cantwell believes the stock warrants a premium valuation.
He has set a price target of $235, which is based on applying a 15-times enterprise value-to-sales (EV/Sales) multiple to his 2026 revenue estimates for the company.
The target reflects his confidence that Circle’s leadership in the stablecoin market and its improving regulatory environment will support continued expansion and justify a higher valuation compared to peers.
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